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International Trade

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International Trade
Peru resolves Chinese megaport dispute as president prepares to meet Xi

Video | Peru and China resolve belt and road dispute

Apple to halt sales of some smartwatches in the US before Christmas

Video | Nigeria bets on China-funded port to drive growth

Video | 20,000km journey of a video game controller

Factory to shelf: How Covid-19 complicates the China-US journey of just one video game controller
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CPTPP

Video | CPTPP could supplant ‘out-of-date’ WTO

Global Trade in a Transformative Era

The word that springs to mind when we look at the state of today’s international trade is “disruptive”. Whether the change is driven by geopolitical disputes, technology or even the pandemic, it seems certain that we are heading in a new direction.

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Changing Times

Founded in 1906 as one of the first companies financed solely by Chinese capital to export to the West, Li & Fung stands the test of time. Leading one of the most extensive global supply chain networks in the world, Dr William FUNG, Deputy Chairman of Fung Group, shares the secret of his company’s long-term success spanning four generations.  

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“The only way we know how to deal with changes is diversification, and to have a very resilient supply chain,” says William Fung, Deputy Chairman of Fung Group.

Facing the Challenge

Business disruptions brought about by the trade war between the US and China, COVID-19 and social unrest, have led to a challenging few years for retailers. Max MA, Chairman of Lee Heng Diamond Group and home-grown veteran retailer, has some good advice on how to get through the tough times.

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Dual Circulation Transition

At a time when the environment for international trade is becoming more vulnerable, China is moving ahead with its “dual-circulation paradigm”. Leading Chinese economist Justin LIN, a former HKUST scholar, explains why China is highlighting domestic demand as the main driver of growth in the new paradigm. 

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Time for Action

Now is the time for Hong Kong to capitalize on its unique position, says Nicholas KWAN who leads a team of researchers at the Hong Kong Trade Development Council in providing in-depth analysis and advice on the city’s economic and trade issues.

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“Hong Kong remains resilient, and is on a path of growth, thanks to the fact that it has diversified into new markets in recent years,” says Nicholas Kwan, Director of Research at the Hong Kong Trade Development Council.

Regional Success

With the disruption caused by geopolitical tensions and the pandemic, regional agreements are more urgent than ever. Deborah ELMS, founder of the Asian Trade Center – a Singapore-based advocate and educator for trade in Asia, explains why agreements like the Regional Comprehensive Economic Partnership (RCEP) could become a global game changer.

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“Asia is pragmatic, and for them, economics has always trumped everything else.” says Deborah Elms, Executive Director of Asian Trade Center

China’s Belt and Road Initiative Confronts Deglobalization

Evidence-based studies reveal why China and most Belt and Road countries remain committed to pursuing greater economic integration even with the forces of deglobalization in the form of the US-China trade war and ongoing geopolitical tussles. By Chair Professor Albert PARK, Head, Department of Economics at HKUST Business School

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Winning Hearts and Minds: China’s Belt and Road Initiative

To drive globalization, the Belt and Road Initiative must establish a narrative that inspires stakeholders in China and beyond. By Chair Professor Jiatao LI, Lee Quo Wei Professor of Business, Department of Management at HKUST Business School  

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Cooperation, Competition or Confrontation? An Era of Strategic Choice

China and the US should explore every avenue to avoid a conflict which will lead to human tragedy.  By Professor QI Ye, Director of the Institute for Public Policy at HKUST  

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Cooperation, Competition or Confrontation? An Era of Strategic Choice

Why Does China Want to Internationalize the RMB?

China will benefit from internationalizing the RMB, including as a force to drive domestic financial sector reform, but the process could take some time. By Professor Edwin L. C. LAI, Department of Economics and Director of Center for Economic Development at HKUST Business School

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Why Does China Want to Internationalize the RMB?

Global Organizations Must Rethink Supply Chain Management

The recent turbulent years have led to new challenges for global supply chain management, but with proactive mechanisms in place, corporates can minimize the impact and scale of disruptions.  By Professor CHEUNG Ki Ling, Department of Information Systems, Business Statistics & Operations Management at HKUST Business School  

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Trading Paces

How is trade evolving: from tight coupling to loose coupling.   By Adjunct Professor Alicia GARCIA-HERRERO, Adjunct Professor, Department of Economics at HKUST Business School, and Senior Research Fellow at Brussels-based think tank BRUEGEL  

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Supplying Finance to Supply Chains

Research at HKUST informs the debate about the benefits of uniform financial regulation across countries and looks into the effects of the financial intermediation in facilitating international trade. By Associate Professor Alminas ZALDOKAS (left) and Assistant Professor Emilio BISETTI, Department of Finance at HKUST Business School

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Supplying Finance to Supply Chains

Working Together to Nuture FinTech Talent

HKUST and the Tencent Finance Academy are planning to foster talent for FinTech in the Greater Bay Area.

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Home Team Triumphs in HKICC

Nine high-powered teams of business undergraduates took part in the HKUST International Case Competition (HKICC) 2021 from June 6-10, marking the return of the signature event after a two-year hiatus.   

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A Winning Streak

Participating in case competitions can help students learn valuable skills to support their future careers. Over the years, HKUST business students have formed a like-minded network to participate in and promote case competitions. The HKUST Case Analysis Team (CAT) is a student-led group that connects students and alumni, faculty and staff, in training and selecting teams to represent HKUST in local and international case competitions. They have achieved exceptional performances in many different competitions this year. Let’s find out their achievements and hear what they said about their experiences.   

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A Winning Streak

Eight Silver Linings Amidst the Pandemic

A joint report by the Tanoto Center for Asian Family Business and Entrepreneurship Studies at the HKUST Business School and the Asia Business Council examines the extraordinary endeavors of eight companies in Asia, as they move ahead in the turbulent times to embrace innovation, promote inclusion, and drive social and economic impact.   

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Eight Silver Linings Amidst the Pandemic

Digital Freedom

HKUST’s new Digital MBA for Global Leaders allows students to customize their schedules.  

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