As US-China tensions continue to escalate amid the Covid-19 pandemic and a global trend of deglobalisation, Hong Kong’s role as an economic gateway between mainland China and the rest of the world is likely to shrink in the foreseeable future. In his article in South China Morning Post, Heiwai Tang, associate director of Asia Global Institute, talks about a three-pronged approach for Hong Kong’s third economic transformation and why it must end its reliance on the financial industry.
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