At this year's Web Summit in Vancouver, global trade disputes took center stage as industry leaders and financial experts gathered to address mounting economic challenges. Among them was Rocky Tung, Director of Policy Research at Hong Kong's Financial Services Development Council, who shared an unexpectedly optimistic outlook during an interview with CGTN's Dan Williams.
Navigating Trade Headwinds
Tung acknowledged ongoing tensions affecting supply chains and cross-border investments but emphasized Asia's resilience. 'What we're seeing is not stagnation, but transformation,' he noted, pointing to emerging opportunities in green technology partnerships and digital trade frameworks across Asian markets.
The Role of Asia in Global Recovery
The discussion highlighted how economies like the Chinese mainland and Hong Kong are adapting to new trade realities through innovation-driven strategies. Tung specifically referenced increased collaboration between Southeast Asian nations and technology hubs as a key driver for regional stability.
While not dismissing geopolitical complexities, the Hong Kong-based analyst concluded that 'the fundamentals of global economic interdependence remain stronger than temporary disputes,' offering reassurance to businesses and investors monitoring Asia's evolving trade landscape.
