Opportunities for Hong Kong on sidelines of Xi-Trump summit in South Korea
Receiving foreign leaders would be a powerful way for Hong Kong to showcase what it has to offer as one truly unique Chinese city under two systems
China’s dominance in the rare earth market has proved to be the most effective tool in Beijing’s belt, although the US may still influence some countries, even including China’s “Iron Brother” Pakistan, to help supply this material that is critical for the production of modern technology. Europe, in its increasingly fragmented environment, has perhaps suffered the most.
Hong Kong Chief Executive John Lee Ka-chiu will be among regional leaders gathering for the Asia-Pacific Economic Cooperation summit from October 31 to November 1. He faces a daunting task to convince Apec leaders that Hong Kong has something to offer amid the intensifying geopolitical struggle between China and the US.
Hong Kong has no natural resources and suffers increasing collateral damage from the trade and tech war. Our city’s biggest asset is being Hong Kong – part of China but under the “one country, two systems” policy which enables its many unique roles, including as an international financial centre and the world’s freest economy.