Hong Kong cuts liquor tax in effort to reignite its nightlife industry

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Hong Kong News

Beijing,John Lee,Hong Kong Government

Hong Kong’s leader announced a cut to liquor tax as the Asian financial hub hopes to revive its reputation as a travel destination with a vibrant nightlife and dining scene. After fulfilling Beijing’s long-standing imperative to enact a homegrown national security law, Chief Executive John Lee now faces challenges with economic competitiveness.

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Lee highlighted the city’s various global rankings near the end of his speech at the legislature, but said past performance does not guarantee future success. But in the wake of these dramatic political changes, many middle-class families and young professionals have emigrated to Britain, Canada, Taiwan and the United States.

Lee also proposed to regulate the city’s subdivided flats, which one Beijing’s top officials for Hong Kong affairs has called for it to abolish.

 

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