Hong Kong's Five Year Plan: A Misunderstood Beacon for the Future The recent announcement of a five year plan in Hong Kong has been met with alarmist warnings that it spells doom for the city's economy and way of life.
Critics claim it will usher in Chinese style central planning, stifling innovation and entrepreneurship. However, this skepticism may be misplaced.
At its core, the plan is not revolutionary – Hong Kong's economy has long been tightly integrated with China's.