Ningrong Liu is deputy vice‑president (international strategy) and professor of globalisation and business at City University of Hong Kong. He previously served as associate vice‑president (GBA development) at the University of Hong Kong and was the founding director of the HKU Institute for China Business. His research and writing cover globalisation, geopolitics, China’s economy, education, technology and Hong Kong’s future development.
Ningrong Liu is deputy vice‑president (international strategy) and professor of globalisation and business at City University of Hong Kong. He previously served as associate vice‑president (GBA development) at the University of Hong Kong and was the founding director of the HKU Institute for China Business. His research and writing cover globalisation, geopolitics, China’s economy, education, technology and Hong Kong’s future development.
Hong Kong’s challenge is to reposition itself as a regional supply-chain management hub linking diverse Asian production networks with Western markets.
City must put its past successes behind it and focus on structural changes to facilitate healthy government intervention, mainland integration and AI development.
Faced with political isolation, economic decoupling and tech barriers, China is determined to woo US tech giants and businesses, undeterred in its quest to become a global hi-tech hub.
Hong Kong’s growing disparity with Shanghai, Shenzhen and Singapore is cause for concern. The city must adapt and learn to take risks again to maximise its ‘two systems’ advantages.
Tensions between the West and China offer Hong Kong the opportunity to become a hub for scientific research. To do this, it must cultivate a diverse talent pool, preserve its historical openness and foster an environment that encourages disruptive thinking.
China’s new focus on innovation-driven development offers hope for sustainable development and avoiding the middle-income trap. A technological breakthrough in advanced sectors could be the decisive driver in transforming the country’s future and keeping pace with the United States.