Global Political and Economic Landscape
26. In last year's Budget, I mentioned three major global trends, namely rising trade protectionism, unstoppable wave of innovation and technology (I&T), and the shift of world economic gravity from West to East. The changes over the past year have unveiled a new situation, new landscape, and new norm of global politics and economics. We must analyse and study these to identify the positioning and future direction of Hong Kong when considering the way forward for our economic and social development.
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