Hong Kong Chief Executive Carrie Lam (林鄭月娥) yesterday said the territory was at a new starting point for development under the National Security Law imposed last year, and that her priority would be to focus on tackling a long-standing housing shortage.
Hong Kong and Beijing authorities have long blamed unaffordable housing in the former British colony for deep-rooted social problems that they say helped fuel pro-democracy protests in 2019.
“Fortunately, the implementation of the National Security Law and the improvement to our electoral system have restored safety and stability in society. Hong Kong is now ready again for a new start for economic development,” Lam said in her annual policy address.
Photo: AFP
Beijing imposed the law on Hong Kong in June last year. It punishes what authorities broadly define as secession, sedition and collusion with foreign forces with sentences of up to life in prison.
Critics say it is being used to crush freedoms promised under the “one country, two systems” formula agreed upon when the territory was returned to Chinese rule in 1997.
Beijing and the Hong Kong government say the law is needed to safeguard prosperity and stability, and guard against outside interference.
Lam’s focus in her speech was on ensuring affordable housing to the territory’s 7.5 million people.
“Providing decent accommodation for all is the primary goal of my housing policy. Noting the public concern on the matter, I reviewed the progress and set out my vision on the issue,” she said.
Private home prices hit a record high in July, buoyed by limited housing supply and large flows of capital from Chinese buyers.
Making housing more affordable has been a priority for all of Hong Kong’s leaders since 1997, although the prospect of owning a home is still a distant dream for many.
Even residents with good jobs and salaries have struggled to get on the property ladder.
Last month, Reuters reported that Beijing had in a series of meetings this year given a new mandate to the territory’s powerful tycoons, saying they should pour resources and influence into helping solve the housing shortage.
The average waiting time for public housing in Hong Kong has climbed steadily and now stands at more than 5.5 years.
Compounding the problem, home prices in former farming areas about an hour’s commute from the heart of the financial center have also surged, buoyed in part by Chinese parents eager to educate their children in the territory.
China’s largest naval training ship sailed for the Philippines yesterday, its last stop of a regional “friendly” tour, amid growing unease over Chinese maritime activities in the South China Sea. The giant training vessel, Qi Jiguang, bigger than a typical destroyer, left Brunei on Thursday for the Philippines as part of a 40-day trip, which has included stops in Vietnam and Thailand. At the end of its trip, Qi Jiguang and its crew of 476 navy students and officers would have passed through the Yellow Sea, East China Sea, South China Sea, Gulf of Thailand and Western Pacific. ‘FRIENDLY’ Training conducted by the ship,
A long trek across the desert of northeastern Niger brings visitors to one of the most astonishing and rewarding sights in the Sahel: fortified villages of salt and clay perched on rocks with the Saharan sands laying siege below. Generations of travelers have stood before the “ksars” of Djado, wondering at their crenelated walls, watchtowers, secretive passages and wells, all of them testifying to a skilled, but unknown hand. Who chose to build this outpost in a scorched and desolate region — and why they built it — are questions that have never been fully answered. Just as beguiling is why it
‘NATURAL CAUSES’: New evidence indicated Kathleen Folbigg’s two daughters died of myocarditis caused by genetics, while a son died of a neurogenetic disorder An Australian woman who spent 20 years in prison was pardoned and released yesterday based on new scientific evidence that her four children died by natural causes as she had insisted. The pardon was seen as the quickest way of getting Kathleen Folbigg out of prison and a final report from the second inquiry into her guilt could recommend that the state Court of Appeals quash her convictions. Folbigg, now 55, was released from a prison in Grafton, New South Wales, following an unconditional pardon by state Governor Margaret Beazley. Australian state governors are figureheads who act on instructions of governments. New South
RE-ENGAGEMENT: Both sides described the talks as ‘candid’ and ‘productive,’ with the US State Department saying that it wants to restore ‘high-level diplomacy’ Senior US and Chinese officials yesterday held “candid” talks in Beijing, days after the two countries’ defense chiefs squared off at a security forum. US Assistant Secretary of State for East Asian and Pacific Affairs Daniel Kritenbrink met with Chinese Vice Minister of Foreign Affairs Ma Zhaoxu (馬朝旭), becoming the most senior US official to publicly travel to Beijing since an alleged Chinese spy balloon was downed in the US. Both sides described the talks as “candid” and “productive” in their readouts, with the US Department of State saying that the exchange was part of ongoing efforts to restore “high-level diplomacy.” The Chinese
RSS