🎓 Hong Kong postgraduate enrolments fluctuate. OECD health spending. Smart manufacturing risks in the US.

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Healey-Driscoll Administration awards $900,000 to help young adults with disabilities prepare for employment. Green jobs scheme launches to support energy efficiency targets. JPMorganChase on Wednesday announced new philanthropic funding to grow workforce training programs in Alabama’s advanced manufacturing and energy sectors. Telecel Group, King’s Trust International to support digital skills for young people.

FormationQ, Cambridge’s Cavendish Laboratory, and IonQ launched an applied quantum program for real-world deployment. CBSE launches nationwide skill‑education training for middle‑school teachers to enhance teaching competencies. Nigerian government launches free financial literacy program.

In today's newsletter:

🎓 Higher Education. Postgraduate enrolments in Hong Kong peaked in 2020
⚕️ Health Skills. OECD average health expenditure declines
🏭 Advanced Manufacturing. Operational risk is the leading concern in smart manufacturing

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🎓 Postgraduate enrolments in Hong Kong peaked in 2020

Domestic postgraduate enrolments in Hong Kong have fluctuated over the past decade. Early increases were driven by rising demand for professional qualifications in finance, technology, and public administration, as employers placed greater value on advanced skills. The slight decline after 2020 reflects stricter entry requirements, rising tuition costs and stronger overseas study options. Recent policies aim to bolster local postgraduate pathways and research-focused training.

⚕️ OECD average health expenditure declines

OECD health spending declined by 0.3 percentage points between 2020 and 2024, reflecting the gradual withdrawal of emergency health programmes and temporary funding introduced during recent global health responses and system recovery phases. As health systems shifted from crisis management to long term planning, governments reduced short term expenditures and redirected resources toward efficiency and preventive care. Emerging priorities such as digital health reforms and cost control measures have reshaped public health budgets across many OECD countries.

🏭 Operational risk is the leading concern in smart manufacturing

Operational risk is the top priority for US executives in smart manufacturing, as the integration of advanced technologies such as automation, AI, and the Internet of Things introduces complexity across production processes. Cyber risk is a growing concern in smart manufacturing as increased connectivity and reliance on digital systems make factories vulnerable to data breaches and weaponisation. Any disruption in supply chain coordination can directly halt manufacturing. Thus, impacting product quality and incur significant costs. Managing operational risk ensures continuity and safety while adopting new technologies.

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