(Policy Address) Policy Address emphasized on mainland cooperation for economic recovery as it aims to restore confidence in battered city

Local | 25 Nov 2020 3:28 pm

This year's Policy Address emphasized on cooperation with mainland as the Chief Executive Carrie Lam visited mainland and gained full support of the central government for economic recovery. 

"The primary objective of this Policy Address is to look at ways to get Hong Kong out of the impasse and to restore people’s confidence as soon as possible," Lam said. 

She said the city's economy has experienced a rapid downturn and the unemployment rate kept rising. 

"The road to economic recovery is still fraught with difficulties," Lam said. 

She said there's a quick rebound in mainland's economy after the pandemic is under control there. 

"Benefiting from its proximity to the Mainland and the Central Government’s long-standing support under the “One Country, Two Systems” principle, Hong Kong’s economic development will be given new impetus," she said.

"It can continue to capitalise on its strengths to serve the country’s needs with proactive participation in the domestic and international dual circulation as well as better integration into the overall national development," she added. 

Lam said she therefore postponed the delivery of this year's Policy Address, to allow her to discuss with relevant mainland authorities. She led a government delegation to Beijing, Guangzhou and Shenzhen between November 3 to 7.

She said the mainland trip received "very positive feedback".

Lam cited Vice Premier of the State Council Han Zheng saying: “the Central Government will fully support whatever measure that is conducive to maintaining the long-term prosperity and stability of Hong Kong, improving the well-being of Hong Kong people, and promoting greater integration of Hong Kong into the overall development of the country

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