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World Economic Forum

World Economic Forum
The World Economic Forum (WEF) is a Swiss non-profit foundation that is best known for its annual meeting in Davos, an alpine resort. The meeting brings together global business leaders, politicians, intellectuals and journalists to discuss the issues of the day. The gathering is often simply termed “Davos”, a reference to its venue. The WEF also holds the Annual Meeting of the New Champions (AMNC) or “Summer Davos”.
Commuters cross Queen’s Road Central in Hong Kong’s Central district in October last year. AI advancements present opportunities for increased efficiency, but also risks of job displacement, and there is a need to upskill workers so they can keep up. Photo: Dickson Lee
Hong Kong economy

Letters | Though still low, Hong Kong’s jobless rate rise can’t be taken lightly

Readers discuss the challenges presented by AI and other tech advances, what SMEs can do to minimise tariff pain, and the decision to cut training hours for medical laboratory technologists.

United States

Opinion | Trump’s bullying raises the prospect of a US gone rogue

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Hong Kong stock market

China’s narrower tech gap with US creates investment opportunities: fund managers

Hong Kong economy

Opinion | Having more women on boards makes business sense. Hong Kong gets it

In this increasingly complex world, it is vital for businesses to embrace gender diversity, and diversity more broadly, for long-term success.

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Bonnie Chan (third from right), then co-chief operating officer of HKEX, and other women business leaders attend an event for a gender equality campaign on March 8, 2023. Photo: May Tse
Diplomacy

Opinion | In world of sound bites, leaders need a forum to engage with candour

We must reassess our levels of engagement in a world dominated by sound bites and social media. There is transformative power in genuine dialogue.

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Singapore

Singapore’s president cites global ‘mistakes’ as inflation worries Davos

Tharman Shanmugaratnam, a veteran economist and ex-finance minister, said that inflation would be lower if not for 15 years of mistakes.

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Hong Kong economy

European fintech firms eyeing Hong Kong as Asia base, Paul Chan says

Finance minister has wrapped up Davos trip, says leading fintech players showing interest in expanding to Hong Kong.

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Finance chief Paul Chan says Beijing’s support for collaboration gives the global economy stability. Photo: May Tse
Hong Kong economy

Opinion | How AI can help Hong Kong deepen its talent pool

Hong Kong must choose between being a passive observer of the AI revolution and an architect of change that controls its destiny.

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Ukraine war

Putin says he is ready for talks with ‘smart’ Trump on Ukraine

The Russian leader also repeated Trump’s claim that the Ukraine war might not have started in 2022 if he had been US president at the time.

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US-China relations

Will China heed Trump’s call to join nuclear arms cuts talks with US and Russia?

Denuclearisation ‘is very possible’, Donald Trump tells World Economic Forum days after returning as US president.

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A strategic nuclear-powered ballistic missile submarine belonging to the Chinese military. China’s nuclear arsenal is reportedly a fraction of that of the United States and Russia. Photo: QQ/张斌说
Hong Kong stock market

Hong Kong stocks rise on Trump’s China optimism and Wall Street rally

Hang Seng Index ends in positive territory for a second week, led by Sunny Optical, Xiaomi and Trip.com.

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An overnight rally on Wall Street spurred Hong Kong stocks higher on Friday. Photo: Reuters
US-China relations

Trump tells Davos he is hopeful about US-China ties as he warns on tariffs

American leader touts ‘very good’ relationship with Xi Jinping amid ‘massive’ trade deficits with Beijing.

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Donald Trump

Trump tells Davos he wants Xi to help stop Ukraine war – as it happened

The returning US leader also wants more money from Nato members, threatened Canada tariffs and talked about the AI race with China.

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Ukraine war

Nato chief Rutte says Europe will pay for US arms for Ukraine

His comments came after US President Donald Trump said earlier this week that the EU should be doing more to support Ukraine.

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Nato chief Mark Rutte said Europe must invest more in defence, ramp up arms production and take a bigger share of spending on Ukraine aid. Photo: EPA-EFE
China-Middle East relations

At Davos, Saudi Arabia pitches itself as a new hub for Chinese investment

Saudi minister urges China ‘not to miss opportunities’ to invest in the Gulf state – and exploit its access to different markets.

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Saudi Arabia could become a new export hub for Chinese products. Photo: Xinhua
Hong Kong economy

Hong Kong’s Paul Chan defends city’s currency peg to US dollar in Davos

Finance chief says important to offer stability for the business environment, as volatility expected in capital markets during Trump presidency.

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China manufacturing

China’s stalled economic engines demand strong manufacturing: economist in Davos

‘Made in China’ must mean ‘cheap, good and hi-tech’, says Zhu Min, former IMF deputy managing director and former People’s Bank of China deputy governor.

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Hong Kong economy

Hong Kong’s Paul Chan vows to bridge climate financing gap after Trump pull-out

City’s finance chief also met United Arab Emirates’ minister of state for foreign trade to discuss bilateral cooperation.

Politicians and industry leaders gather at the World Economic Forum in Davos, Switzerland in January 2025. Photo: Xinhua
Vietnam

‘I can play golf all day long’: Vietnam confident of its US ties under Trump

‘We think we can handle it,’ Prime Minister Pham Minh Chinh said of Vietnam’s US ties at the World Economic Forum in Davos.

Banking & finance

Trump’s threats will only drive countries away from US dollar, economists warn at Davos

US president’s warnings against nations exploring alternative currencies will be counterproductive in the long run, economists argue at World Economic Forum.

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Ukraine war

Zelensky says security guarantee would need at least 200,000 peacekeepers

At Davos, Ukraine’s president urges Europe to bolster defence against Russia.

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A Ukrainian serviceman trains near the front line in Donetsk region, Ukraine. Photo: AP
AI: Policy

China’s vice-premier says chaotic competition on AI could bring ‘grey rhino’

Ding Xuexiang also tells Davos that Beijing isn’t pursuing a trade surplus and there are ‘no winners in a trade war’.

Chinese Vice-Premier Ding Xuexiang speaks at the World Economic Forum in Davos, Switzerland on Tuesday. Photo: EPA-EFE
US-China relations

‘We’ll be surprised’ by US-China improvements, Harvard scholar argues in Davos

Graham Allison bucks a trend among analysts warning of worsening ties between the world’s biggest economies, and he does not see Donald Trump as a China hawk.

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US-China relations

Ding warns Davos AI can be ‘Ali Baba’s cave’ or Pandora’s box – as it happened

Vice-premier addressed China’s economic vitality, global cooperation and concerns over artificial intelligence at World Economic Forum in Switzerland.

Climate change

Davos climate activists paint Amazon base green, disrupt helicopters

Greenpeace, which briefly blocked heliport in the Swiss town, said it was calling for ‘a fair tax on the richest people’.

Climate activists hold a banner as they stand behind police after they painted the windows of the Amazon booth during the World Economic Forum (WEF) annual meeting in Davos, Switzerland on Monday. Photo: AFP
Hong Kong economy

Davos 2025: Paul Chan to tout Hong Kong’s ‘superconnector’ edge

Finance minister says he will brief political and business leaders from around the world about Hong Kong’s strategies in various areas.

Finance minister Paul Chan leaves for Switzerland on Monday. Photo: Reuters
Poverty

Opinion | Can world leaders at Davos truly succeed in ‘reimagining growth’?

Some ideas in Davos are naive, but others recognise that collective approaches and free flows of capital are steps to sustainable growth.

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US-China relations

Xi touts China as globalisation leader, draws contrast with US under Trump

Shared growth stressed on Apec sidelines in Peru as Chinese leader tells CEOs that Beijing’s economic and financial woes can be fixed.

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