Munich, May 10, 2019 – International economic experts fear that the tariff war between the US, China, and Europe will lead to a decline in world trade. This is the result of the World Economic Survey conducted by the ifo Institute among 1,130 economists worldwide. When asked to name the most significant consequence of the higher tariffs, the predominant answer was “less trade.”

Viewpoint by: Chen Li, Ambassador of the People’s Republic of China in Finland

Recently, the situation in Hong Kong Special Administrative Region (SAR) of China drew wide attention from the international community. For a long time, Hong Kong has always been a global metropolitan city, one of the most robust economy and a center of international banking, trade and cargo. It has a beautiful name “Pearl of the Orient”, and is seen as a paradise for shopping. But today’s Hong Kong turns into a scene of chaos. What on earth has Hong Kong become?