Biotech is especially important given the ageing population and economic ambitions of Hong Kong – and China as a whole. For the world, biotech protectionism will lead to more expensive treatments and greater health insecurity.
A decade ago, Asia’s millennials were optimistic the region would set aside conflicts and become more united to meet global challenges such as climate change. Today’s Generation Z, who grew up amid rising geopolitical tensions and major economic disruptions, are no longer so hopeful.
Much like carbon emissions, companies will soon be expected to monitor their impact on biodiversity. Measures to promote and preserve biodiversity will need to go beyond greenwashing practices like pledges to plant trees.
As Asian economies face recession worries, many are putting climate action on the back burner – but climate resilience goes hand in hand with economic stability. Setting ambitious energy and sustainability targets supports green growth.
The steady rise of AI technology has left governments, industries and institutions scrambling to catch up and establish rules of the road. As a knowledge-based economy, Hong Kong can lead the way in building a regulatory framework that limits the harmful impact of AI and maximises its benefits.
Finance can be unleashed as a force for good, to deliver social impact and bring economic windfalls for ordinary citizens, from youth advancement, financial literacy, and promotion of the arts and technology to climate change efforts.
As Asian economies face recession worries, many are putting climate action on the back burner – but climate resilience goes hand in hand with economic stability.
This year’s survey indicated an uncertain outlook for Asian businesses. Economies across the region are enjoying a return to business as usual and recovering from the effects of the COVID-19 pandemic. Yet the invasion of Ukraine has set off a chain of events that roiled global markets and left the world with no clear path …
Asia’s economic growth and development have been unparalleled over the past 75 years. Poverty has declined continuously and more rapidly than at any time in recorded history, and significant welfare gains have been achieved. These achievements have been driven by Asia’s growing participation in international trade and global value chains, which underpin the globalization process. More broadly, globalization refers to the integration of economies that has been achieved through growing levels of international trade, finance, and investment, and through the mounting exchanges of people, ideas, and data.
The latest Asia Business Council survey shows firms are worried about politics increasingly encroaching on business and driving potential decoupling. Energy is the top concern amid high prices and the continuing fallout from Russia’s invasion of Ukraine.
