Hong Kong will remain competitive through public-private partnerships and the pursuit of pragmatic solutions amid China-US tensions, Financial Secretary Paul Chan Mo-po has said at a global summit.
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The finance chief’s remarks were made on his first day at the 9th Future Investment Initiative (FII) forum in the Saudi capital, Riyadh, against the backdrop of US-China talks to avert escalating a trade war.
US-China engagement has deepened after Beijing’s October 9 announcement of further export restrictions on rare earth elements, a move widely seen as retaliation for the US expansion of its trade blacklist.
“I think the talks have been going on from the Chinese side, obviously, taking a very pragmatic attitude to find solutions, to find common ground, despite certain competition in certain areas,” Chan said during a panel discussion.
He highlighted different areas in which China and the US could still collaborate, such as in climate change and developing AI to benefit mankind.
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“I think there are a lot of common grounds that we can work together,” he said.