Hong Kong must transform itself from a transshipment port into a global supply chain services hub to navigate a raging US-China trade war while leveraging its position as an international shipping and trading centre, industry leaders have said.
Kennedy Wong Ying-ho, honorary president of the Hong Kong Chinese Importers’ and Exporters’ Association, said on Thursday that the transition from being a re-exporting hub was crucial for the city amid challenges of growing trade protectionism worldwide and US tariff shock on small parcels.
