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.
The years-long US-China trade war has failed to shift the imbalanced macroeconomic structures of the two nations. Despite the continuous imposition of tariffs by the US since 2018, which escalated further in 2025, the US trade deficit in goods with China persists. The deficit stood at $295.5 billion in 2024 and approached $202.1 billion in 2025 (Source: US Census Bureau).