Budget Speech

Development of Innovation and Technology

34. Fifth, the rapid development of I&T is ushering in a new era.  Not only does it reshape production and business models, but also brings significant changes to our daily lives and consumption.  For example, artificial intelligence may bring significant breakthroughs in advanced areas such as healthcare.  However, some of our jobs may be replaced, causing a blow to the labour market.  While we benefit from the convenience and opportunities brought by the rapid development of I&T, we should be well-prepared for the change by making corresponding adjustments in areas such as development of industries, education and vocational training.

 

 

Previous Page | Content | Next Page