Recently, Hong Kong hosted a forum focused on fostering collaboration within global supply chains. This gathering attracted participants from political, business, and academic spheres across various economies. Their discussions revolved around strategies for stabilizing and optimizing industrial and supply chains while advancing sustainability goals.
Acknowledging the impact of geopolitical tensions and increasing protectionism on the global economy, attendees highlighted ongoing adjustments in supply chains. Notably, there’s a noticeable shift towards regionalization, with more businesses favoring nearshore outsourcing over offshore options.
Hong Kong’s strategic position as a pivotal link between the Chinese mainland and the international community made it an apt venue for this discussion. Figures like Fernando Zavala, chairman of a notable summit, emphasized Hong Kong’s role in bridging connections across the Asia-Pacific region.
Ning Gaoning, a key figure in the forum, praised Hong Kong’s economic dynamism and professionalism, citing its potential to contribute significantly to the sustainability of global supply chains. Similarly, Paul Chan, financial secretary of the HKSAR government, underlined Hong Kong’s capacity to support the evolution of national and global supply chains.
Jonathan Choi, another prominent figure, highlighted the region’s potential to become a hub for sustainable supply chains. Through collaboration within the Guangdong-Hong Kong-Macao Greater Bay Area, stakeholders aim to enhance competitiveness and provide innovative solutions to global supply chain challenges.
The forum, established as a platform for deeper engagement in shaping economic and trade policies, serves as a testament to Hong Kong’s commitment to fostering global cooperation.
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