POLICY DIALOGUE SERIES 2024-25 Hong Kong Is Not Over, Why and How?: Economic Reset and International Impact On October 19, 2024, the Policy Dialogue Series commenced with an engaging session titled “Hong Kong Is Not Over, Why and How?: Economic Reset and International Impact.” Organized by the Division of Public Policy at the Hong Kong University of Science and Technology (HKUST) in collaboration with the Department of Social Sciences and Policy Studies at The Education University of Hong Kong (EdUHK), this event aimed to address the current economic challenges facing Hong Kong in the post-COVID landscape. The distinguished panel included Professor Anthony Cheung, Chair Professor and Advisor (Public Administration) at EdUHK, and Adjunct Professor at HKUST; Professor Sung Yunwing, Associate Director of the Joint ShanghaiHong Kong Development Institute (CUHK and Fudan University), and Associate Director of the Economic Research Centre at the Hong Kong Institute of Asia-Pacific Studies; Professor Heiwai Tang, Victor and William Fung Professor in Economics, Associate Dean (External Relations), and Director of the Asia Global Institute at HKU; Associate Professor Wang Xiangwei, Associate Professor of Practice in the Department of Journalism at HKBU; and Professor Lui Tai-lok, Adjunct Research Chair Professor at EdUHK. The session was moderated by Professor Naubahar Sharif, Head and Professor of Public Policy at HKUST. They discussed the need for strategic repositioning to secure an economic reset for Hong Kong. Professor Anthony Cheung highlighted signs of growth but noted significant challenges remain, including slowing service growth and declining consumer spending. He emphasized that recovery relies heavily on external demand amidst trade tensions and geopolitical issues, labeling the situation a “triple whammy” of past protests, COVID-19, and US-China tensions. Cheung proposed a strategy to redefine Hong Kong’s value and improve governance to enhance competitiveness. Professor Yun-Wing Sung examined the economy’s state, stating that while it’s stabilizing, it isn’t thriving. Although the population has rebounded slightly, growth is slow compared to China and Singapore. He expressed concerns about declining private investment and the importance of creating a stable environment to attract talent. 27 CONFERENCES AND EVENTS
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