57. The Government will request universities to conduct more impactful and translational research projects that meet Hong Kong’s needs, so as to tie in with the work promoting the development of industries and re-industrialisation. In this regard, the Government will request the University Grants Committee (UGC) to complete the review on the allocation of research grants within one year, and expand the assessment criteria to include research impact and effectiveness of knowledge and technology transfer.

23-25

We must promote the restructuring and upgrading of traditional industries, strengthen emerging industries, and widen and deepen our external economic and trade relations.

an extremely low unemployment rate

Last year, we saw the worst performance of the global economy since 2009 and the consequential slackening of our external trade