Ten community-based projects were unveiled yesterday in an attempt to boost consumption and foster social unity.
They include turning Western Market, a shopping centre for memorabilia, into the equivalent of London's Covent Garden shopping and entertainment district.
There will also be more open-air cafes, better cycling tracks, open-air bazaars and other heritage and leisure attractions in different districts.
Officials said the campaign would create 1,000 jobs.
Chief Executive Tung Chee-hwa said yesterday he hoped the projects would stimulate the so-called local community economy and build a unified community.
He said: 'This is the beginning of a new year. My wish is that the restructuring of the economy will continue slowly but will continue to bear fruit so that everyone in the community will begin to benefit.
