Hong Kong cuts 2028 labor shortage forecast to 130,000, cites AI and talent schemes

Hong Kong's labor chief revised the projected 2028 workforce shortage down by a third to 130,000, attributing the reduction to AI adoption and government labor import and top-talent policies. The revision follows the release of the city's first five-year plan and annual policy address, signaling a policy-driven adjustment to labor market projections. The accuracy of the forecast remains uncertain given the evolving impact of AI and immigration schemes.