John Lee Ka-Chiu Advocates for Local Businesses to Adopt Technology in His Policy Address

Sunday, 25 August 2024, 06:45

John Lee Ka-Chiu emphasizes the critical need for local businesses to adopt technology as a part of his policy address aimed at economic recovery. Focusing on artificial intelligence and other innovations, he acknowledges the importance of a collaborative approach between government and industry. With the anticipated interest rate cut in the U.S., Lee expresses optimism for Hong Kong’s growth trajectory.
South China Morning Post
John Lee Ka-Chiu Advocates for Local Businesses to Adopt Technology in His Policy Address

John Lee Ka-Chiu's Vision for Economic Recovery

In his recent town hall meeting, Chief Executive John Lee Ka-Chiu urged local businesses to proactively adopt new technologies to navigate the challenges posed by transitioning to a full economic recovery. He asserted that innovation is essential for sustaining growth as the anticipated interest rate cut from the United States is expected to impact domestic prospects positively.

Adopting Technology and AI

During the meeting, representatives from multiple sectors voiced the importance of government support while highlighting that procurement must be a market-driven process. Lee stated, “For technology to really be adopted into operations, companies need to do the procurement.” This reflects a new direction for engaging local organizations in implementing artificial intelligence and other technologies.

  • 3.3% growth in recent quarter reflects positive economic trends.
  • Lee acknowledges the struggles of certain industries during the transition.

Community Involvement and Economic Growth

Lee also mentioned the need for community involvement in tourism-related initiatives as crucial for successful implementation. “The government will build the platform, but for initiatives to really take off, it requires the participation of all residents,” he stressed. With a current growth rate projected at over 3% and an optimistic outlook on investments following the U.S. interest rate adjustments, Hong Kong appears poised for sustained recovery.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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