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In an interview with Al Jazeera, Prof. Heiwai Tang, Associate Vice-President of The University of Hong Kong and Director of the Asia Global Institute, pointed out that neither Washington nor Beijing has much incentive to fully back down from the trade war.

Prof. Heiwai Tang, Associate Vice-President of The University of Hong Kong and Director of the Asia Global Institute, was featured in an South China Morning Post article series exploring the mega development project near the border with Shenzhen, and in particular, how the innovation and technology (I&T) sector may evolve to become a new engine that transforms Hong Kong’s economy.

Commissioned by the Federation of Hong Kong Industries, the “Made by Hong Kong: Strategies for New Industrialisation” study report compiled by us was released last month. In this article, we will highlight relevant sections of the study on the business operations of Hong Kong-invested industrial enterprises (HKIEs) and examine the future of Hong Kong’s industrial sector, providing references for the formulation of the city’s industrial policies.

With ten consecutive strong quarters to date, what is driving Hong Kong’s growth? Thanks to the latest 3.1% year-on-year increase in GDP for the last quarter, reaching two-and-a-half years of positive growth, Hong Kong's economy has remained resilient and impressively strong. Prof. Heiwai Tang, Associate Vice-President of HKU and Director of the Asia Global Institute, commented that, including its strong exports, Hong Kong’s strong financial sector greatly helped the city’s economic outlook.

The Census and Statistics Department of Hong Kong released Hong Kong’s second-quarter GDP estimates (3.1%), surpassing both market expectations and the revised first-quarter figures. Prof. Heiwai Tang, Associate Vice-President of HKU and Director of the Asia Global Institute, noted that, supported by improvement in the financial market, the local economy is expected to remain buoyed by improvements in the financial sector.

In a recent and thought-provoking interview and as part of the IfW Kiel's Global China Conversations series, Prof. Heiwai Tang, Associate Vice-President of HKU and Director of the Asia Global Institute, shed light on the deeper dynamics behind China’s industrial strategies.

In an interview with Deutsche Welle (DW), Prof. Heiwai Tang, Associate Vice-President of HKU and Director of the Asia Global Institute, explained that mainland Chinese enterprises face a "go global or go bust" situation due to intense domestic competition and tariff pressure on their export businesses. He noted that while these enterprises possess strong competitive advantages and productivity, they must still adapt to local cultures, such as management and political cultures, when expanding overseas.

In a recent interview with Ming Pao, Prof. Heiwai Tang, Associate Vice-President of HKU, explained that Hong Kong’s economic growth coupled with weak consumer sentiment stems from price rigidity—where wages and shop rents remain high, causing slow price adjustments. He noted that this leads the public to perceive restaurants as understaffed and expensive, yet offering poor quality, while high costs undermine business competitiveness and dampen consumer spending.

The 7th "Hong Kong University China Economic Quarterly Forum" series of events was recently held. Prof. Heiwai Tang, Associate Dean of HKU Business School and Director of the Asia Global Institute, delivered a keynote speech titled "The New Pattern of the Asian Economy under Geopolitics." Prof. Tang believes that in the next decade of "globalization," economic interactions between countries will become more fragmented, digitalized, and regionalized, with the world transitioning toward multipolarity. The brand-new "globalization" may possibly occur without the participation of the United States.