Hong Kong’s liquor tax cut will promote the trade of high-end spirits rather than drinking, the city’s commerce chief has said, as he played down the policy’s impact on residents’ health. Chief Executive John Lee on Wednesday announced a tax cut on spirits with over 30 per cent alcohol content and an import price above HK$200 as he delivered his third Policy Address. Lee said the move was not designed to promote drinking and it would boost the premier liquor market. The move raised concerns from the city’s medical sector over a perceived promotion of alcohol consumption. A petition opposing th…