Hong Kong has halted a HK$4.6 billion (US$592 million) redevelopment plan for an air mail centre designed to turn the city into a postal and logistics hub, after authorities cited a 67 per cent reduction in postage volume over five years due to geopolitical tensions.
The project cancellation is the second this month by the government after it earlier shelved a HK$700 million exhibition hall in Wan Chai to showcase major development projects, including the Northern Metropolis, amid a burgeoning…