In the wake of Chief Executive John Lee Ka-chiu’s successful visits to Qatar and Kuwait, Hong Kong’s efforts to deepen connections with emerging markets are gaining strong momentum. The signing of 59 memorandums of understanding and agreements has laid the groundwork for advancing the city’s economic and cultural links with the Middle East. The visit…
“Made-in-Hong Kong” products ranging from mooncakes to garments can shine with the help of technology, automation, subsidies and even artificial intelligence (AI), one of the city’s largest industry groups has said. The Federation of Hong Kong Industries revealed the findings of its recent study on Friday, saying that the city’s industrial sector added HK$127.1 billion…
The new US trade tariffs are causing turmoil for markets and businesses. CPA Australia’s recent Asia-Pacific Small Business survey showed that only 57 per cent of Hong Kong small and medium-sized enterprises expected their business to grow. Around one in four SMEs are finding it harder to repay debt. So far, US President Donald Trump…
Washington’s roughly one-month tariff exemption on electronic devices, including smartphones, computers and semiconductors, has done little to ease concerns among Hong Kong’s re-exporters, as ongoing uncertainty hampers their planning. Industry leaders highlighted the urgency of tapping into emerging markets to navigate the tariffs and urged the government to provide more support to small and medium-sized…
Washington’s roughly one-month tariff exemption on electronic devices, including smartphones, computers and semiconductors, has done little to ease concerns among Hong Kong’s re-exporters, as ongoing uncertainty hampers their planning. Industry leaders highlighted the urgency of tapping into emerging markets to navigate the tariffs and urged the government to provide more support to small and medium-sized…
The United States has a “rare” opportunity to become a key partner for Indonesia in areas such as emerging technology and digital infrastructure despite Jakarta’s close economic ties with China, a study has claimed. But Washington needs a more ambitious and strategic form of statecraft to do so, according to the report from the Centre…
As Washington singles out China for its biggest tariff squeeze, Beijing’s efforts to stabilise its periphery and bolster ties with the neighbours have an added urgency, according to observers. In his address to the conference, Xi called for the “breaking [of] new ground” in China’s relations with neighbouring countries, which he said were at a…
Hong Kong jewellers will be forced to reduce their exposure to the US, scale back operations, relocate production or even close down, as American President Donald Trump’s decision to impose tariffs on Chinese exports raises levies to as much as 60 per cent, industry leaders have said. The latest tariffs of 34 per cent on…
The completion of Chinese-sponsored upgrades to a naval base in Cambodia is part of Beijing’s bigger plan to break maritime chokepoints and de-risk supply chains, according to a Hong Kong-based analyst. Chinese and Cambodian officials, including Cambodian Prime Minister Hun Manet and members of the People’s Liberation Army (PLA), attended a ceremony at the Ream…
Chief Executive John Lee Ka-chiu has praised the water supply from mainland China for sustaining Hong Kong’s development over the past six decades, while pledging to turn the city into an international infrastructure centre through innovation. Hong Kong’s leader made the remarks on Tuesday to mark the 60th anniversary of the fresh water supply from…