Hong Kong needs the people’s wisdom for its 5-year plan to succeed

AI Summary

Hong Kong is formulating its first five-year economic plan, looking to combine market dynamism with strategic direction. The proposal aims to leverage the collective wisdom of its citizens to achieve economic success.

For decades, Hong Kong thrived as the world’s freest economy without five-year plans, while mainland China rose to become the world’s second largest economy through them. Now Hong Kong has the rare advantage of both: market dynamism and strategic direction. Harnessed through the collective wisdom of the people, this combination can deliver more than what the market or planning alone can achieve. Hong Kong is preparing its first five-year plan to dovetail with the national 15th five-year plan,...