Hong Kong must expand trade, not wait for ‘luck’ as AI exports could slow: commerce chief
GlobeAlert Desk · curated from South China Morning Post · East Asia
Hong Kong must proactively expand trade networks and not “wait for luck to come our way”, as the recent growth in artificial intelligence exports may gradually slow down, the city’s commerce minister has said. Secretary for Commerce and Economic Development Algernon Yau Ying-wah said on Sunday that Hong Kong’s September export growth rate – the highest monthly figure in more than 40 years – was driven by an increase in re-export volume equivalent to 1.4 times the city’s gross domestic...
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