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Chief Executive John Lee Ka-chiu has said Hong Kong’s first five-year plan will preserve capitalism while creating jobs and opportunities for social mobility (“Hong Kong 5-year plan to stick with capitalism, uphold ‘one country, two systems’: John Lee”, September 14).

The Northern Metropolis will be an important test, but not simply of whether government initiative can coexist with a capitalist economy. That proposition has become something of a cliché. Every successful market economy depends on public infrastructure, reliable institutions and long-term planning.