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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”.
Football fans display banners against a digital ID - a plan that is highly controversial in the UK. Photo: Reuters
Britain

UK digital ID plan fuels conspiracies, but government denies it is for control

Starmer government insists a digital ID will be voluntary, as critics say it could be used to limit access to flying and food, among other things.

Japan

Japan’s Thatcher-inspired Takaichi aims for PM despite gender gap

China economy

Opinion | Will China’s bid to boost domestic demand pay off?

China economy

Opinion | Chinese companies must now focus on wooing consumers at home

Re-routing exports away from the US offers only brief relief; the playbook must now start at home, with China’s vast market.

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People shopping in Beijing on May 7. Photo: AFP
China economy

Opinion | Why China’s consumption problem is also a supply issue

Households with money to spend need access to diversified, high-quality services they actually want – a problem Beijing is well equipped to handle.

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Banking & finance

China bets on tax perks to win back foreign investors amid global headwinds

Foreign firms get tax breaks for reinvestments, as Beijing moves to counter slump.

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Hong Kong politics

Hong Kong leader taps 2 tech heads from Hangzhou’s ‘Little Dragons’ as advisers

Han Bicheng, CEO of BrainCo, and Wang Xingxing, head of Unitree Robotics, are among three new additions to John Lee’s advisory council.

Among the new advisers are Wang Xingxing (left), founder and CEO of Unitree Robotics, and Bicheng Han, founder and head of BrainCo. Photo: Handout
China trade

China becomes bright spot at uncertain time: SCMP’s ‘Summer Davos’ highlights

The World Economic Forum event was held in an atmosphere of global tension, but attendees did see some hope in China’s tech advancements.

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Yuan

Dollar is ‘America’s to lose’: experts argue at ‘Summer Davos’ amid yuan push

Trump’s tariffs threaten greenback’s supreme status, but analysts see long road ahead for Chinese currency.

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Robotics

Will China lead the next wave of AI, robotics evolution? Unitree CEO thinks so

At ‘Summer Davos’ panel, the head of the robotics start-up and others credit Beijing’s talent pool, infrastructure for rapid tech advances.

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Wang Xingxing, CEO of robotics start-up Unitree, speaks during a “Summer Davos” panel. Photo: Handout
Tianjin

Editorial | Li rises to occasion at ‘Summer Davos’ with way forward for world

Amid tariff wars and global conflicts, premier says China will continue to build as a consumption-driven economy, defend free trade and multilateralism.

Chinese Premier Li Qiang delivers a speech at the World Economic Forum in Tianjin on June 25, 2025. Photo: AFP
China trade

‘Summer Davos’ calls for China’s firms to move manufacturing abroad for success

Executives say China’s companies should fully relocate production to secure supply chains against tariffs, trade restrictions as they expand.

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Hong Kong economy

Hong Kong’s strengths lie in bridging East, West amid trade war: finance chief

Financial Secretary Paul Chan stresses investors are showing their confidence with their capital, despite global uncertainties.

Mainland China

Not just manufacturing: Li Qiang vows China will be major consumption power

In a turbulent world, Beijing will double down on household spending to fuel growth and overcome risks, China’s premier says.

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Chinese Premier Li Qiang delivers a speech during opening ceremony of the World Economic Forum Annual Meeting of the New Champions (AMNC25) in Tianjin on June 25, 2025. Photo: AFP / Jade Gao
China-Asean relations

Asean can ‘shape its own destiny’ amid US-China rivalry: Singapore PM Wong

At ‘Summer Davos’, Singaporean leader Lawrence Wong says Southeast Asia rejects zero-sum competition and embraces engagement with all powers.

Singaporean Prime Minister Lawrence Wong attends a session of the World Economic Forum Annual Meeting of the New Champions in Tianjin, China on Wednesday. Photo: AFP
US-China trade war

US tariffs not only killing trade, but chilling investment, leaders warn

Trump’s confusing tariff policies are making it impossible for investors to plan ahead, panellists tell the ‘Summer Davos’ forum.

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China economy

Li’s protectionism lament echoes Western complaints about China

Chinese Premier Li Qiang’s call for depoliticising trade in his Summer Davos speech contrasts with China’s reluctance to fully open its own markets and end favouritism for local businesses.

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China economy

Li Qiang says China will be consumption power at ‘Summer Davos’: as it happened

Premier’s address to the meeting of developing economies came amid high tension and uncertainty in global trade.

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Chinese Premier Li Qiang gave the keynote address at this year’s Annual Meeting of the New Champions, also known as “Summer Davos”. Photo: AFP
US-China relations

‘Summer Davos’ panel mulls US economy secret sauce: did China crack the recipe?

At World Economic Forum event, the US-China rivalry is all the buzz.

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China GDP

China urged to step up fiscal support amid Iran-Israel war, trade war risks

Beijing may need to spend more to preserve growth and long-term stability, central bank adviser says.

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China-EU relations

China decries latest EU trade salvo putting medical devices in the line of fire

Brussels urged to ‘immediately correct its wrongdoings’, while Beijing says it will take measures to defend Chinese enterprises’ interests.

The European Union has excluded Chinese companies from its government-procurement contracts for medical devices worth more than €5 million (US$5.8 million). Photo: Xinhua
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.

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
United States

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

The US president’s chaotic approach is not restricted to trade and could throw the rules-based international order into crisis.

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Hong Kong stock market

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

CEOs of Primavera Capital, Franklin Templeton tout long-term potential of Chinese stocks at first World Economic Forum event in Hong Kong.

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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People watch US President Donald Trump speak at the World Economic Forum annual meeting in Davos, Switzerland, on January 23. Most conferences adopt a one-directional format, with speakers on stage addressing a passive audience. Photo: Xinhua
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.

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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