The US-China trade dispute is much more than a battle over a US$420 billion deficit, what the tensions are really about is a race for “geo-technological” superiority.
Any accelerated decoupling of the US and Chinese economies will have serious implications for their trading, technology and financial partners.
While the geopolitical-technological (geo-tech) competition between the US and China will continue, the change of administration in Washington offers new opportunities.
In the long run, the impact on China will be limited.
Assessing the enormous challenges for the world’s two biggest economies as they focus on shoring up their global competitiveness.
Data commercialization could improve total factor productivity and tackle political, economic and social challenges resulting from the slowdown of growth.
Key economies must focus on regional integration and promoting greater collaboration in the necessary governance to address pressing global challenges.
Hong Kong must implement its Northern Metropolis Development Strategy to dovetail with the mainland’s Greater Bay Area initiative.