CGTN Interviews Financial Expert on Latest Global Trade Disputes and Their Impact
CGTN explores rising global trade tensions with leading financial expert.
One of the central discussions at this year’s Web Summit in Vancouver revolved around the ongoing challenges and future prospects of global trade disputes. With a rapidly shifting geopolitical landscape, leaders from various sectors converged to exchange insights on how these disputes are reshaping economic priorities and impacting international cooperation.
Rocky Tung, representing Hong Kong’s Financial Services Development Council, was among the key financial experts addressing the forum. During an interview, he expressed a notably optimistic stance towards the future of global trade, despite acknowledging the presence of multiple headwinds currently affecting the sector. Tung emphasized that innovation, adaptability, and cross-border collaboration remain crucial in overcoming obstacles such as protectionist policies and evolving regulatory frameworks.
"While uncertainty persists," Tung remarked, "there is still significant upside potential for growth if economies remain open to dialogue and proactive in finding solutions." He noted that emerging technologies, digital finance, and real-time data analysis are increasingly enabling businesses to adjust their strategies amid unpredictability. According to Tung, these tools are empowering both established markets and developing economies to build resilience against disruptions.
The conversations at the summit highlighted a consensus among participants: maintaining a rules-based global trading system is essential to sustainable development and shared prosperity. Despite political tensions and supply chain bottlenecks, many leaders voiced confidence that ongoing negotiations and continued engagement can pave the way for new frameworks that encourage fair competition and inclusivity.
As discussions concluded, attendees expressed cautious hope that innovative policymaking and stronger international partnerships would help navigate the complexities of modern trade. The summit continues to provide a vital platform for exchanging ideas and forging strategies to address what many consider the defining economic challenges of this era.
