Hong Kong Chief Executive Carrie Lam poses with copies of her policy speech in Hong Kong, China October 11, 2017. REUTERS/Bobby Yip
HONG KONG (Reuters) - Hong Kong's Chief Executive Carrie Lam warned in her maiden policy speech on Wednesday that the city faced "grave" challenges and must develop a more diversified economy, unveiling a mix of housing and tax relief policies to raise competitiveness.
Hong Kong, one of the world's costliest cities, has battled rising income inequality, the slow implementation of marquee public projects, political tensions with its mainland China and a slide in its competitiveness.
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