In an interview with BBC Chinese, Prof. Heiwai Tang, Associate Dean of HKU Business School and Director of the Asia Global Institute explained that today’s global economic environment is fundamentally different from the 1980s. China’s position in global supply chains, its capital controls, and its economic structure mean it cannot be treated as “another Japan” under a copy and paste Plaza Accord.

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Hong Kong’s first five-year plan is now open for public consultation. In recent media interviews, Prof. Heiwai Tang, Associate Dean of HKU Business School, shared some insights.
In a recent CNN interview, Professor Heiwai Tang, Associate Dean of HKU Business School and Director of the Asia Global Institute, was asked what is driving this global push by Chinese companies. He noted three main reasons.
In an interview with Ta Kung Pao, Prof. Heiwai Tang, Associate Dean of HKU Business School and Director of the Asia Global Institute, outlined three pathways through which finance can empower the real economy: supporting innovation and technology enterprises, particularly SMEs with new productive capabilities; facilitating the global expansion of intellectual property, as Chinese firms enter a new phase of exporting culture, brands, and IP; and strengthening trade finance and trade insurance to help firms secure financing and navigate complex international environments.
The IMD World Competitiveness Ranking 2026 shows that Hong Kong ranks second globally, behind only Singapore. Prof. Heiwai Tang, Associate Dean of HKU Business School, said in the Hong Kong Economic Journal that, compared with Hong Kong, Singapore has long taken a more proactive to industrial development, especially in emerging industries.
The history of global commerce over the past half-century features two indelible spectacles. The first is the global sweep of American titans like General Motors, Coca-Cola, McDonald's, Starbucks, Nike, Apple, and Tesla. The second is the aggressive overseas expansion of Japanese giants such as Toyota, Sony, and Fast Retailing.
In recent years, the landscape of two-way investment between China and the rest of the world has undergone significant changes, leading to an expansion in the scope of Hong Kong’s role as a bridge. To analyze this evolution and the development opportunities it brings, one must examine the data trends of China's realized foreign direct investment (FDI) and outward foreign direct investment (ODI).
To support the "going global" trend among Chinese companies, the HKU Business School organised the HKU Indonesia Economic Forum in Jakarta last week. Prof. Heiwai Tang, Associate Dean of HKU Business School, discussed the new era of globalization with Indonesian media VOI.
As global attention turns to the Trump–Xi meeting on 13 May — the first visit to China by a US president in nearly a decade — Prof. Heiwai Tang, Associate Dean at HKU Business School, shared his insights in an interview with BBC News, offering a nuanced perspective on US–China economic dynamics.




