Hong Kong to eliminate 'shoebox' flats
Oct 17, 2024
Hong Kong, October 17: Hong Kong leader John Lee rolled out plans on Wednesday to ban flats under eight square meters and cut import tax on spirits in a bid to ease a long-term housing crunch and boost the city's sluggish economy. Lee's administration has vowed to focus on livelihood issues and take the Chinese financial hub "from stability to prosperity" following a wide-ranging crackdown in the wake of pro-democracy protests in 2019.
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