FT Chinese Column - HKU Business School

China’s Macroeconomic Shift: A Call for Firms to Go Global

China’s economy is currently in a period of deep structural transformation. Despite the potential of its 1.4 billion-strong domestic market, the contraction of the wealth effect triggered by the real estate correction, together with a high household savings rate (exceeding 43% in 2024) and weak consumer confidence, is constraining the release of domestic demand.

6 Feb 2026

Hong Kong Economic Times (Chinese Only)

FT Chinese (Chinese Only)

When AI Hallucinates: The Hidden Risks in the Global Large-Model Race

Prof. Zhenhui Jack JIANG

Large language models are increasingly permeating core domains such as knowledge production, business analysis, legal consulting, and medical decision-making. A problem that was once often regarded as a mere technical flaw is rapidly becoming a new focal point in the global technology race: the “hallucination” of large language models—namely, the tendency of a model, when lacking any factual basis, to still produce highly “confident,” fluent, yet false answers.

22 Jan 2026

The Validation Tax: Shifting Focus from Production to Verification in the AI Era

Prof. Jin LI Prof. Matthias FAHN

When used appropriately, generative AI can significantly enhance human productivity. It can help teams explore strategies, draft marketing plans, and greatly expand the breadth and speed of individual output.

8 Jan 2026

AI Investment Bubble?

Prof. Yan XIONG

As global technology conglomerates project an unprecedented $390 billion expenditure on Artificial Intelligence infrastructure in 2025, the discourse surrounding a potential "AI bubble" has intensified. Does the current lag in immediate commercial returns signify a market failure, or is there a deeper economic logic at play?

25 Dec 2025

Rethinking Education When AI Matches Human Creativity

Prof. Dawei WANG

A few weeks ago, the parents’ WeChat group of a top international school in Hong Kong blew up. It all started with one mother’s dilemma: “The essay written by AI is so much better than my daughter’s. Does she still need to learn how to write?” Another father immediately replied: “I’ve already signed my son up for three programming classes. In the future, kids who don’t know how to use AI will definitely be eliminated.”

10 Dec 2025

Harnessing Web 3.0: Strengthening Hong Kong’s Status as a Global Financial Hub

Prof. Yulin FANG

Against the backdrop of the global Web 3.0 wave, which is driving the continued expansion of the virtual asset market and reshaping the international financial order, building a balanced and sound local Web 3.0 ecosystem has already become a pivotal lever for a breakthrough in Hong Kong’s financial development.

27 Nov 2025

When Interdependence Fades: How AI and Automation Are Recasting Global Trade

Prof. Guojun He

Automation and artificial intelligence (AI) are upending the traditional international trade landscape, giving developed countries endogenous comparative advantages in industries that were once intensive in low-skilled labor, thereby reversing the traditional advantages of developing countries. According to the latest trends in 2025, this shift has accelerated the restructuring of global supply chains and has exacerbated trade inequality.

13 Nov 2025

The Story of Hong Kong’s Ride-Hailing Services: Then and Now

Prof. Weiming ZHU

In Hong Kong, a densely populated international metropolis, the red, green, and blue taxis flowing through the streets once symbolized the city's vitality. However, in recent years, issues such as inconsistent taxi service quality, an aging driver demographic, and frequent instances of refusal to pick up passengers or taking circuitous routes have become increasingly prominent, prompting society to re-examine the sustainability of traditional travel modes.

2 Nov 2025

The Next Labubu: Can Pop Mart’s Star-Making Legend Sustain?

Dr. Tingting FAN

Starting in 2024, a doll named Labubu—with pointy little ears, devil-like large eyes, and a grin revealing nine sharp fangs—took the world by storm. In the first half of 2025, Labubu’s sales reached 4.8 billion RMB. What amazed the market about Labubu was not only its formidable money-making power, but also its unstoppable momentum in overseas markets.

16 Oct 2025

12 3…5

Our Authors

Prof. Heiwai TANG

Prof. Zhenhui Jack JIANG

Prof. Matthias FAHN

Prof. Jin LI

Prof. Yan XIONG

Prof. Dawei WANG

Prof. Yulin FANG

Prof. Guojun HE

Prof. Weiming ZHU

Dr. Tingting FAN

Dr. Yifei ZHANG

Prof. Heiwai TANG

Associate Vice-President (Global), The University of Hong Kong

Associate Dean (External Relations), HKU Business School

Victor and William Fung Professor in Economics

Director, Asia Global Institute

Director, APEC Study Center

Associate Director, Hong Kong Institute of Economics and Business Strategy

FT Chinese Column

China’s Macroeconomic Shift: A Call for Firms to Go Global

6 Feb 2026

Silver Lining of Trade War 2.0 for the Chinese Economy

1 May 2025

Prof. Zhenhui Jack JIANG

Professor of Innovation and Information Management

Padma and Hari Harilela Professor in Strategic Information Management

Director, AI Evaluation Lab

FT Chinese Column

When AI Hallucinates: The Hidden Risks in the Global Large-Model Race

22 Jan 2026

Multimodal AI: Image Generation Capabilities and Safety Challenges

20 Mar 2025

China-U.S. Competition in Large Language Models: Global Perspectives on Opportunities and Challenges

19 Sep 2024

Prof. Matthias FAHN

Associate Professor

FT Chinese Column

The Validation Tax: Shifting Focus from Production to Verification in the AI Era

8 Jan 2026

Prof. Jin LI

Area Head of Management and Strategy

Zhang Yonghong Professor in Economics and Strategy

Professor

Director of the Centre for AI, Management and Organization

FT Chinese Column

The Validation Tax: Shifting Focus from Production to Verification in the AI Era

8 Jan 2026

Super 80/20 Rule: Knowledge Creation in the AI Era

24 Feb 2025

Prof. Yan XIONG

Associate Professor

MAcct Deputy Programme Director

FT Chinese Column

AI Investment Bubble?

25 Dec 2025

The Rise of Alternative Data: Credit Market Analysis in the AI Era

17 Apr 2025

Prof. Dawei WANG

Assistant Professor

FT Chinese Column

Rethinking Education When AI Matches Human Creativity

10 Dec 2025

Prof. Yulin FANG

Professor

Director, Institute of Digital Economy and Innovation

FT Chinese Column

Harnessing Web 3.0: Strengthening Hong Kong’s Status as a Global Financial Hub

27 Nov 2025

Submarine Cables – The Silk Road of the Digital Economy

30 Oct 2024

Prof. Guojun HE

The Hong Kong Jockey Club Professor in Economics

Professor in Economics

Director, HKU Jockey Club Enterprise Sustainability Global Research Institute

Associate Director, Institute of China Economy

FT Chinese Column

When Interdependence Fades: How AI and Automation Are Recasting Global Trade

13 Nov 2025

The Story of Vultures, Wolves, and Humans: Assessing the Economic Value of Biodiversity

16 Jan 2025

Prof. Weiming ZHU

Associate Professor

Programme Director for the Open Programme of Executive Education

FT Chinese Column

The Story of Hong Kong’s Ride-Hailing Services: Then and Now

2 Nov 2025

Dr. Tingting FAN

Principal Lecturer

MBA GBA Programme Director

FT Chinese Column

The Next Labubu: Can Pop Mart’s Star-Making Legend Sustain?

16 Oct 2025

Dr. Yifei ZHANG

Senior Lecturer

BEcon/BEcon & Fin Deputy Programme Director and Admissions Tutor

FT Chinese Column

Mainland E-commerce Reshapes Hong Kong’s Retail Market

22 Sep 2025

Our Authors

Prof. Heiwai TANG

Prof. Zhenhui Jack JIANG

Prof. Matthias FAHN

Prof. Jin LI

Prof. Yan XIONG

Prof. Dawei WANG

Prof. Yulin FANG

Prof. Guojun HE

Prof. Weiming ZHU

Dr. Tingting FAN

Dr. Yifei ZHANG

Prof. Heiwai TANG

Associate Vice-President (Global), The University of Hong Kong

Associate Dean (External Relations), HKU Business School

Victor and William Fung Professor in Economics

Director, Asia Global Institute

Director, APEC Study Center

Associate Director, Hong Kong Institute of Economics and Business Strategy

FT Chinese Column

China’s Macroeconomic Shift: A Call for Firms to Go Global

6 Feb 2026

Silver Lining of Trade War 2.0 for the Chinese Economy

1 May 2025

Prof. Zhenhui Jack JIANG

Professor of Innovation and Information Management

Padma and Hari Harilela Professor in Strategic Information Management

Director, AI Evaluation Lab

FT Chinese Column

When AI Hallucinates: The Hidden Risks in the Global Large-Model Race

22 Jan 2026

Multimodal AI: Image Generation Capabilities and Safety Challenges

20 Mar 2025

China-U.S. Competition in Large Language Models: Global Perspectives on Opportunities and Challenges

19 Sep 2024

Prof. Matthias FAHN

Associate Professor

FT Chinese Column

The Validation Tax: Shifting Focus from Production to Verification in the AI Era

8 Jan 2026

Prof. Jin LI

Area Head of Management and Strategy

Zhang Yonghong Professor in Economics and Strategy

Professor

Director of the Centre for AI, Management and Organization

FT Chinese Column

The Validation Tax: Shifting Focus from Production to Verification in the AI Era

8 Jan 2026

Super 80/20 Rule: Knowledge Creation in the AI Era

24 Feb 2025

Prof. Yan XIONG

Associate Professor

MAcct Deputy Programme Director

FT Chinese Column

AI Investment Bubble?

25 Dec 2025

The Rise of Alternative Data: Credit Market Analysis in the AI Era

17 Apr 2025

Prof. Dawei WANG

Assistant Professor

FT Chinese Column

Rethinking Education When AI Matches Human Creativity

10 Dec 2025

Prof. Yulin FANG

Professor

Director, Institute of Digital Economy and Innovation

FT Chinese Column

Harnessing Web 3.0: Strengthening Hong Kong’s Status as a Global Financial Hub

27 Nov 2025

Submarine Cables – The Silk Road of the Digital Economy

30 Oct 2024

Prof. Guojun HE

The Hong Kong Jockey Club Professor in Economics

Professor in Economics

Director, HKU Jockey Club Enterprise Sustainability Global Research Institute

Associate Director, Institute of China Economy

FT Chinese Column

When Interdependence Fades: How AI and Automation Are Recasting Global Trade

13 Nov 2025

The Story of Vultures, Wolves, and Humans: Assessing the Economic Value of Biodiversity

16 Jan 2025

Prof. Weiming ZHU

Associate Professor

Programme Director for the Open Programme of Executive Education

FT Chinese Column

The Story of Hong Kong’s Ride-Hailing Services: Then and Now

2 Nov 2025

Dr. Tingting FAN

Principal Lecturer

MBA GBA Programme Director

FT Chinese Column

The Next Labubu: Can Pop Mart’s Star-Making Legend Sustain?

16 Oct 2025

Dr. Yifei ZHANG

Senior Lecturer

BEcon/BEcon & Fin Deputy Programme Director and Admissions Tutor

FT Chinese Column

Mainland E-commerce Reshapes Hong Kong’s Retail Market

22 Sep 2025