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Business
Cathy Holcombe

The ViewBridging the clean air gap

Building of the Hong Kong-Zhuhai-Macau bridge may be the reason why the city has failed to effectively tackle domestic sources of air pollution

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Illustration: Henry Wong
Illustration: Henry Wong
In less than two years, the Hong Kong-Zhuhai-Macau bridge should open, and we will find out whether the "build it and they will come" model works or a white elephant walks.

One simple way to think about the bridge is that it is better than welfare.

With huge fiscal reserves - worth some 36 per cent of gross domestic product - Hong Kong, like Singapore, has faced rising calls for wealth redistribution.

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Rationally fearing the creation of a welfare state that may not be sustainable in the future, policymakers have sought non-transfer ways to, essentially, burn some cash.

Spending on infrastructure provides jobs and is an investment in the future.

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The hope is that the bridge may save the city from losing all relevance in manufacturing and trade-related services. Integration with China seems a better fate than total eclipse.

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