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HKU Business School recently announced its forecast for Hong Kong's economy in Q3 2024. In an interview with Now News, Prof. Heiwai Tang, Associate Dean of HKU Business School and Director of Asia Global Institute, believes that investment and consumer confidence are key factors for economic recovery. "Affected by the wealth effect, due to the negative conditions in the stock and property markets, the public's investment and consumption confidence is naturally not high. In the long run, it will depend on the government's economic transformation policies over the next three years, which will provide new drivers of economic growth."

China has achieved an annual GDP growth rate of over 8% for the past 45 years. It boasts an enormous domestic market, yet consumption accounts for only 39% of its GDP, one of the lowest ratios in the world nowadays. Can China maintain a growth rate of 6% or 7%? Prof. Heiwai Tang, Associate Dean of HKU Business School and Director of Asia Global Institute, believes China has the potential for economic growth, but it has now become very difficult due to concerns about aging populations and the desire to live to an advanced age, leading to high saving rates.

內地出入境管理局公布，由7月10日起，港澳外籍居民可獲簽發「港澳居民來往內地通行證（非中國籍）」,港大經管學院副院長（對外事務）鄧希煒說，其在港外籍同伴每次到內地工作或演講，過關手續需時，例如在深圳灣或皇崗口岸，他自己只需一分鐘就可入境，外籍同伴卻需花約半小時。新措施只適用於香港永久居民，即需住滿7年，對於門檻會否太高，鄧希煒指今次屬第一步，期待日後會有更多放寬政策。

香港特區政府致力建構跨國供應鏈管理中心，作為內地企業與國際市場的「超級聯繫人」，相信這既是不少人心目中理所當然的目標，而香港亦較其他亞洲港口城市在以下三方面更具有優勢與底氣：

The HKSAR government is committed to developing the city into a multinational supply chain management centre to become a “super-connector”, bridging the Mainland enterprises and international market. Compared to other port cities in Asia, Hong Kong has significant competitive edges in the following three aspects:

瑞士洛桑國際管理發展學院（IMD）發布《2024年世界競爭力年報》，香港排名回升至第5位，比去年升2位，當中本港經濟表現、營商效率、基礎建設均有所改善，政府效率則稍降。至於去年排第三位的新加坡則登上榜首，疫情以來已漸拋離香港，距離更逐年拉闊。有學者認為，香港各行各業在疫情時發展停頓，影響競爭力，未來需增加年輕就業人口及發展具競爭力產業。

世界各地優秀華裔科學家，尤其是來自美國頂尖大學的教授選擇回流香港及內地工作，為兩地在科學研究、技術創新等多個領域發展注入強勁動力。昨日在「機遇香港」主題採訪活動中，香港大學的兩位教授，包括經濟及工商管理學院副院長（對外事務）鄧希煒，以及政治及公共行政學系教授李成，先後從美國轉至香港工作，鄧希煒聚焦於香港經濟結構的轉型研究，李成則在促進學者交流和高端智庫建設上擔任了開創者的角色。二人的到來，不僅是個人職業的重新選擇，更是在面對國際環境變化時展現出的適應力、創造力和對中國的深厚情懷，也反映出香港對全球頂級專家的吸引力。

In a recent media interview, Prof. Heiwai Tang, Associate Dean of HKU Business School and Director of Asia Global Institute suggested three long-term directions to revitalize Hong Kong's economy: firstly, develop high value-added industries; secondly, enhance Hong Kong’s role as a bridge between mainland China and global markets; thirdly, optimize policies for nurturing and attracting talent.

Will the US's new tariff-hike severely affect China's economy? Prof. Heiwai Tang, Associate Dean of the HKU Business School and Director of the Asia Global Institute commented in a recent interview with South China Morning Post SCMP that the US administration's tough stance towards China is obviously a strategic move during the election year. “The significant increase in US tariffs on Chinese EVs is more symbolic than having any substantial impact on China’s EV industry,” Prof. Tang shared.