Latest news with #WuHailong
Yahoo
20-05-2025
- Business
- Yahoo
Global Prosperity Summit 2025 highlights Hong Kong's role as a super-connector as experts from around the world convene to discuss space innovation, AI and the trade war
HONG KONG, May 20, 2025 /PRNewswire/ -- Today marked the opening of the 2025 edition of Global Prosperity Summit (GPS2025), Hong Kong's first-ever conference designed to address the most important geopolitical issues facing the world. Following the success of last year's inaugural event, GPS2025 is reinforcing the city's position as a super-connector by bringing together renowned academic and international experts from across the globe to exchange views on subjects that are impacting global prosperity. The co-organisers said they are honoured that Mr Wu Hailong, President of The China Public Diplomacy Association, delivered the keynote address to kick off GPS2025. Speaking during the keynote address, "China's Worldview", Mr Wu said: "There are mainly four trends on the international landscape: the rise of China, the fault line in U.S.-West relations, the rise of the Global South and the shift of the world's centre of gravity to Asia." "On Sino-US relations, China will continue to adhere to the principles of mutual respect, peaceful coexistence and win-win cooperation. At the same time, we hope the United States can recognise the broader trajectory of historical progress and view China's growth objectively." "On Sino-EU relations, this year marks the 50th anniversary of China-EU diplomatic relations. China retains its confidence in Europe and believes Europe can be a cooperation partner. The two sides have the capability and wisdom to address existing issues properly and pave the way together for another promising 50 years." "Amid the current global transformation, a new force is emerging, and that is the Global South. Today, the Global South accounts for over 40 percent of global economic output and contributes 80 percent of global growth. It is a pivotal force in safeguarding peace, driving development and advancing global governance. It is reshaping the global political and economic landscapes while causing a historical shift in the global balance of power. A trend is taking shape with the 'rise of the South and decline of the North'. Increasingly, Global South countries are gaining voice and influence in international affairs." "As long as we uphold the vision of a shared home, remain committed to building a community with a shared future for mankind and approach issues through equal-footed consultation and mutual accommodation, no problem is unsolvable." Following the keynote address were three panel discussions: "The Promise of Space – Breakthroughs and Potential", "AI and the Future of Work", and "Trade War, Hot Wars and the Global Economy". During the panel on trade war, speakers said they consider communications and cooperation to be important in managing the issue going forward. (Highlights of the panel discussions are enclosed in the Annex.) Mrs Regina Ip, Chairperson of the Board of Governors of the Savantas Policy Institute, said, "Global Prosperity Summit is a joint effort by the government, think tanks and chambers of commerce to tell the true story of Hong Kong and help the world recognise the unique role Hong Kong can play in bridging divides and reducing differences." In addition to the Savantas Policy Institute and Shanghai Institutes for International Studies, the European Chamber of Commerce in Hong Kong has joined as a co-organiser this year. GPS2025 is being held from 19 May to 21 May 2025 at The Fullerton Ocean Park Hotel Hong Kong. Participants include renowned scholars and experts from mainland China, Europe, North America and Asia, who have arrived in Hong Kong to exchange views and share suggestions on the critical issues that are affecting global development the most. GPS2025 continues tomorrow with two more panel discussions, "Climate Change and Sustainable Development" and "Hong Kong's Bridging Role in a Changing World". About Global Prosperity Summit Global Prosperity Summit was initiated by a group of business, academic and experts in Hong Kong to provide a platform for frank, objective and rational discussion of dominant issues impacting global prosperity. The inaugural Summit was held in Hong Kong in 2024. About Savantas Policy Institute Savantas Policy Institute (SPI) was founded in 2006 by a group of Hong Kong belongers with overseas experience who care deeply about Hong Kong. The core vision of SPI is to enhance Hong Kong's transformation into a knowledge-based economy. SPI engages mainly in conducting public policy research and analysis and recommending appropriate long-term developmental strategies, as well as promoting public understanding of and participation in the economic and social development of the Hong Kong Special Administrative Region. About Shanghai Institutes for International Studies Established in 1960, Shanghai Institutes for International Studies (SIIS) has played a crucial role in conducting strategic research, providing policy recommendations and contributing to the understanding of international politics, economics, security and other related fields. It has evolved into an important institution informing and shaping China's foreign policy and global engagement and has been accredited as one of the most influential think tanks in China and around the world. About European Chamber of Commerce in Hong Kong Initiated in 1997, the European Chamber of Commerce in Hong Kong (EuroCham) is a non-governmental business interest group. The EuroCham is a 'Chamber of Chambers' with its membership comprising 16 European Chambers based in Hong Kong. The appointed representatives of these chambers make up EuroCham's Board of Directors. Over 1,600 European companies are operating in Hong Kong. In 2019, Europe maintained its position as Hong Kong's second-largest trading partner after mainland China and Hong Kong's second-largest export destination and third-largest import supplier. View original content to download multimedia: SOURCE Savantas Policy Institute Limited Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Korea Herald
20-05-2025
- Business
- Korea Herald
Global Prosperity Summit 2025 highlights Hong Kong's role as a super-connector as experts from around the world convene to discuss space innovation, AI and the trade war
HONG KONG, May 20, 2025 /PRNewswire/ -- Today marked the opening of the 2025 edition of Global Prosperity Summit (GPS2025), Hong Kong's first-ever conference designed to address the most important geopolitical issues facing the world. Following the success of last year's inaugural event, GPS2025 is reinforcing the city's position as a super-connector by bringing together renowned academic and international experts from across the globe to exchange views on subjects that are impacting global prosperity. The co-organisers said they are honoured that Mr Wu Hailong, President of The China Public Diplomacy Association, delivered the keynote address to kick off GPS2025. Speaking during the keynote address, "China's Worldview", Mr Wu said: Following the keynote address were three panel discussions: "The Promise of Space – Breakthroughs and Potential", "AI and the Future of Work", and "Trade War, Hot Wars and the Global Economy". During the panel on trade war, speakers said they consider communications and cooperation to be important in managing the issue going forward. (Highlights of the panel discussions are enclosed in the Annex.) Mrs Regina Ip, Chairperson of the Board of Governors of the Savantas Policy Institute, said, "Global Prosperity Summit is a joint effort by the government, think tanks and chambers of commerce to tell the true story of Hong Kong and help the world recognise the unique role Hong Kong can play in bridging divides and reducing differences." In addition to the Savantas Policy Institute and Shanghai Institutes for International Studies, the European Chamber of Commerce in Hong Kong has joined as a co-organiser this year. GPS2025 is being held from 19 May to 21 May 2025 at The Fullerton Ocean Park Hotel Hong Kong. Participants include renowned scholars and experts from mainland China, Europe, North America and Asia, who have arrived in Hong Kong to exchange views and share suggestions on the critical issues that are affecting global development the most. GPS2025 continues tomorrow with two more panel discussions, "Climate Change and Sustainable Development" and "Hong Kong's Bridging Role in a Changing World". Global Prosperity Summit was initiated by a group of business, academic and experts in Hong Kong to provide a platform for frank, objective and rational discussion of dominant issues impacting global prosperity. The inaugural Summit was held in Hong Kong in 2024. About Savantas Policy Institute Savantas Policy Institute (SPI) was founded in 2006 by a group of Hong Kong belongers with overseas experience who care deeply about Hong Kong. The core vision of SPI is to enhance Hong Kong's transformation into a knowledge-based economy. SPI engages mainly in conducting public policy research and analysis and recommending appropriate long-term developmental strategies, as well as promoting public understanding of and participation in the economic and social development of the Hong Kong Special Administrative Region. About Shanghai Institutes for International Studies Established in 1960, Shanghai Institutes for International Studies (SIIS) has played a crucial role in conducting strategic research, providing policy recommendations and contributing to the understanding of international politics, economics, security and other related fields. It has evolved into an important institution informing and shaping China's foreign policy and global engagement and has been accredited as one of the most influential think tanks in China and around the world. About European Chamber of Commerce in Hong Kong Initiated in 1997, the European Chamber of Commerce in Hong Kong (EuroCham) is a non-governmental business interest group. The EuroCham is a 'Chamber of Chambers' with its membership comprising 16 European Chambers based in Hong Kong. The appointed representatives of these chambers make up EuroCham's Board of Directors. Over 1,600 European companies are operating in Hong Kong. In 2019, Europe maintained its position as Hong Kong's second-largest trading partner after mainland China and Hong Kong's second-largest export destination and third-largest import supplier.
Yahoo
20-05-2025
- Business
- Yahoo
Global Prosperity Summit 2025 highlights Hong Kong's role as a super-connector as experts from around the world convene to discuss space innovation, AI and the trade war
HONG KONG, May 20, 2025 /PRNewswire/ -- Today marked the opening of the 2025 edition of Global Prosperity Summit (GPS2025), Hong Kong's first-ever conference designed to address the most important geopolitical issues facing the world. Following the success of last year's inaugural event, GPS2025 is reinforcing the city's position as a super-connector by bringing together renowned academic and international experts from across the globe to exchange views on subjects that are impacting global prosperity. The co-organisers said they are honoured that Mr Wu Hailong, President of The China Public Diplomacy Association, delivered the keynote address to kick off GPS2025. Speaking during the keynote address, "China's Worldview", Mr Wu said: "There are mainly four trends on the international landscape: the rise of China, the fault line in U.S.-West relations, the rise of the Global South and the shift of the world's centre of gravity to Asia." "On Sino-US relations, China will continue to adhere to the principles of mutual respect, peaceful coexistence and win-win cooperation. At the same time, we hope the United States can recognise the broader trajectory of historical progress and view China's growth objectively." "On Sino-EU relations, this year marks the 50th anniversary of China-EU diplomatic relations. China retains its confidence in Europe and believes Europe can be a cooperation partner. The two sides have the capability and wisdom to address existing issues properly and pave the way together for another promising 50 years." "Amid the current global transformation, a new force is emerging, and that is the Global South. Today, the Global South accounts for over 40 percent of global economic output and contributes 80 percent of global growth. It is a pivotal force in safeguarding peace, driving development and advancing global governance. It is reshaping the global political and economic landscapes while causing a historical shift in the global balance of power. A trend is taking shape with the 'rise of the South and decline of the North'. Increasingly, Global South countries are gaining voice and influence in international affairs." "As long as we uphold the vision of a shared home, remain committed to building a community with a shared future for mankind and approach issues through equal-footed consultation and mutual accommodation, no problem is unsolvable." Following the keynote address were three panel discussions: "The Promise of Space – Breakthroughs and Potential", "AI and the Future of Work", and "Trade War, Hot Wars and the Global Economy". During the panel on trade war, speakers said they consider communications and cooperation to be important in managing the issue going forward. (Highlights of the panel discussions are enclosed in the Annex.) Mrs Regina Ip, Chairperson of the Board of Governors of the Savantas Policy Institute, said, "Global Prosperity Summit is a joint effort by the government, think tanks and chambers of commerce to tell the true story of Hong Kong and help the world recognise the unique role Hong Kong can play in bridging divides and reducing differences." In addition to the Savantas Policy Institute and Shanghai Institutes for International Studies, the European Chamber of Commerce in Hong Kong has joined as a co-organiser this year. GPS2025 is being held from 19 May to 21 May 2025 at The Fullerton Ocean Park Hotel Hong Kong. Participants include renowned scholars and experts from mainland China, Europe, North America and Asia, who have arrived in Hong Kong to exchange views and share suggestions on the critical issues that are affecting global development the most. GPS2025 continues tomorrow with two more panel discussions, "Climate Change and Sustainable Development" and "Hong Kong's Bridging Role in a Changing World". About Global Prosperity Summit Global Prosperity Summit was initiated by a group of business, academic and experts in Hong Kong to provide a platform for frank, objective and rational discussion of dominant issues impacting global prosperity. The inaugural Summit was held in Hong Kong in 2024. About Savantas Policy Institute Savantas Policy Institute (SPI) was founded in 2006 by a group of Hong Kong belongers with overseas experience who care deeply about Hong Kong. The core vision of SPI is to enhance Hong Kong's transformation into a knowledge-based economy. SPI engages mainly in conducting public policy research and analysis and recommending appropriate long-term developmental strategies, as well as promoting public understanding of and participation in the economic and social development of the Hong Kong Special Administrative Region. About Shanghai Institutes for International Studies Established in 1960, Shanghai Institutes for International Studies (SIIS) has played a crucial role in conducting strategic research, providing policy recommendations and contributing to the understanding of international politics, economics, security and other related fields. It has evolved into an important institution informing and shaping China's foreign policy and global engagement and has been accredited as one of the most influential think tanks in China and around the world. About European Chamber of Commerce in Hong Kong Initiated in 1997, the European Chamber of Commerce in Hong Kong (EuroCham) is a non-governmental business interest group. The EuroCham is a 'Chamber of Chambers' with its membership comprising 16 European Chambers based in Hong Kong. The appointed representatives of these chambers make up EuroCham's Board of Directors. Over 1,600 European companies are operating in Hong Kong. In 2019, Europe maintained its position as Hong Kong's second-largest trading partner after mainland China and Hong Kong's second-largest export destination and third-largest import supplier. View original content to download multimedia: SOURCE Savantas Policy Institute Limited
South China Morning Post
20-05-2025
- Business
- South China Morning Post
Trump's trade war is cracking the West's unity, former Chinese envoy says
Donald Trump's aggressive trade policies have fractured Western unity, potentially reshaping the global order as allies consider alternatives, according to a veteran Chinese diplomat. Wu Hailong, president of the semi-official China Public Diplomacy Association, said the US leader's global tariff war had worsened US conflicts with its partners, shaking the foundation of transatlantic ties. Addressing the Global Prosperity Summit in Hong Kong on Tuesday, Wu said the fault lines opening up in the relations between the United States and its Western allies amounted to the biggest shift in post-war international relations. Those fault lines were in part created by Trump's accusations that allies were exploiting US economic and military advantages, his pledges to annex Canada and buy Greenland , and his sidelining of Europe in talks with Russia over the Ukraine war. They were compounded by tariffs announced on almost all trading partners in April. Those tariffs have since been suspended for 90 days , but US Treasury Secretary Scott Bessent said on Monday that they could be reimposed if trading partners did not negotiate in 'good faith'. 00:45 Trump says he can see himself dealing directly with Xi on US-China trade deal details Trump says he can see himself dealing directly with Xi on US-China trade deal details Wu said this could see US allies weighing fresh options.
RTHK
20-05-2025
- Business
- RTHK
Tariff war 'US bid to get others to cure own disease'
Tariff war 'US bid to get others to cure own disease' A former Chinese diplomat, Wu Hailong, says attempts to address so-called unfair trade through a tariff war have proven to be unworkable. Photo: RTHK A former Chinese diplomat said on Tuesday the United States will have to learn to deal with a rising China by showing due respect and equality. Speaking on the second day of the annual Global Prosperity Summit in Hong Kong, Wu Hailong said Washington has deployed an array of suppression and containment strategies to stall China's development over the past decade. But Wu, who used to be deputy head of the Office of the Commissioner of the Ministry of Foreign Affairs in Hong Kong, pointed out that China's rise is an indisputable fact and stressed that any efforts to smear or hinder the nation's progress would be made in vain. Wu, now the president of China Public Diplomacy Association, said Washington's problems lie with itself but it refuses to seek solutions to cure its own 'disease'. 'Imagine someone who refuses medication but insists on others swallowing pills to cure his disease," he said. "Such is the logic of the tariff war recently launched by the United States on the whole world.' 'It is true that China has maintained a trade surplus with the United States over the years... [But] that is a matter of consumer choice and market dynamics, not deliberate manipulation on the part of China.' He stressed that attempts to address the so-called unfair trade through a tariff war have proven to be unworkable. 'A few days ago, at the US side's request, China and the US held talks on the tariff issues in Geneva and reached a consensus," Wu said. "This proves once again that blackmail and threats will not work. "The only way out is sitting down together for candid talks on the basis of respect and equality.' Summit co-founder Regina Ip expressed gratitude to speakers from around the globe for coming to Hong Kong to share their insights. 'The Global Prosperity Summit is a joint effort by the government, think tanks and chambers of commerce to tell the true story of Hong Kong and help the world recognize the unique role Hong Kong can play in bridging divides and reducing differences,' said Ip, who is also the Executive Council's convener. The summit, now in its second edition, features five major topics: artificial intelligence, climate change, trade war and hot wars, Hong Kong's bridging role in a changing world, as well as space development.
