In the Media

In an interview with the Hong Kong Economic Journal, Prof. Heiwai Tang, Associate Vice-President of HKU and Director of the Asia Global Institute, explained that China's focus on technological development is driven by strategic geopolitical goals for long-term independence, rather than immediate economic growth. While innovations like AI enhance future prospects, they have not yet resulted in significant near-term economic recovery. Tang noted that prioritizing technology may temporarily widen wealth disparities, as AI could replace traditional workers.

U.S. President Donald Trump recently signed an executive order announcing that, starting September 21, 2025, foreign talent applying for an H-1B work visa for the first time will be required to pay a visa fee of up to $100,000. This abrupt policy shift has caught American companies and international talent off guard, with the technology sector bearing the most direct impact. If fully implemented, the policy will not only reshape the U.S. tech ecosystem but also prompt adjustments in global talent, capital, and innovation chains.