Commerce and economic development chief says challenges caused by US-China trade tensions and Ukraine war mean Hong Kong, mainland must adapt
In a wide-ranging interview on Friday, Secretary for Commerce and Economic Development Algernon Yau Ying-wah said challenges in the global economy caused by US-China trade tensions and the war in Ukraine meant that both the Hong Kong and mainland China economies must transform and adapt.
“The biggest challenge is there are many uncertainties, because the US and China trade negotiations are ongoing. Not until the time when everything is settled, [will] the case become clearer,” he said.
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