Market trends and business perspectives
China is expanding the testing of digital yuan currency to prepare for any further restrictions on its companies by the US.
So far, US President Donald Trump has effectively banned Huawei in the US and from doing business with US suppliers globally.
Huawei is the leading Chinese telecommunications equipment provider, supplying 5G systems to many countries abroad, and it offers a successful line of smartphones. [Read more…] about China expands testing of digital currency in case US bans yuan
The United States government is calling for goods made or exported to the US from Hong Kong to be relabelled “Made in China”, according to a report on the South China Morning Post.
The measure, to be introduced by US President Donald Trump, does not appear to need Congressional approval or any kind of vote.
It will mean that Hong Kong companies exporting to the US will be required to pay the same kind of punitive tariffs currently placed on goods arriving in America from mainland China. [Read more…] about US demands Hong Kong-made goods be relabelled ‘Made in China’
Chinese export companies have strongly criticized President Donald Trump for deciding to increase tariffs on imports into the US by another 10 percent, bringing them up to 25 percent for hundreds of billions of dollars’ worth of manufactured goods.
Comments reported by the South China Morning Post say Chinese exporters are decrying Trump as a business “killer” who “never plays by the rules”.
One exporter, Liao Yu, who produces bags and suitcases, said: “A 25 per cent [tariff] will kill everyone.”
[Read more…] about Chinese exporters accuse Trump of not playing by the rulesUS President Donald Trump is preparing to raise tariffs on Chinese imports to 25 percent from the current 15 percent.
The levies will affect approximately $350 billion worth of Chinese exports to America.
Trump made the announcement through Twitter. He tweeted: “For 10 months, China has been paying tariffs to the USA of 25 percent on $50 billion dollars of high-tech, and 10 percent on $200 billion of other goods.
[Read more…] about Trump to raise tariffs on China goods to 25 percent
By Edward Tse, CEO of Gao Feng
Hong Kong’s government has a reputation for being inward-looking when it comes to formulating policies.
Prior to the 1997 handover, such an approach was acceptable and made sense, as Hong Kong was separated from mainland China.
However, interactions between the city and mainland have significantly increased since the handover.
The government must now take a more holistic approach to understanding the overall developments on the mainland and their implications for the future of Hong Kong.
A case in point is Hong Kong’s land use planning. [Read more…] about China must take holistic approach to future of Hong Kong
A team in Hong Kong is claiming to have developed the world’s first internally motorized minimally invasive surgical robotic system for single incision or natural orifice (incision-less) robotic surgery.
A statement by the the group, which comprises leading Hong Kong universities working with commercial partner companies, said the system can minimize surgical trauma and improve the safety of current robotic surgery.
The project is said to have developed a novel surgical robotic system (NSRS) with haptic (tactile) feedback and capable of single incision or natural orifice (incision-less) robotic surgery.
The development was initiated by Professor Yeung Chung-Kwong (Prof Yeung), honorary clinical professor at the Li Ka Shing Faculty of Medicine, University of Hong Kong (HKU). [Read more…] about Hong Kong University claims world’s first internally motorized minimally invasive surgical robotic system
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