Companies
Belt, Road called an opportunity for the US
Tung Chee-hwa (right), former chief executive of the Hong Kong Special Administrative Region, gives remarks on Wednesday at the Asia Society in New York. AMY HE / CHINA DAILY
Tung Chee-hwa, former chief executive of Hong Kong Special Administrative Region, said that while trade and business ties between China and the US are important, the “overall relationship should not be anchored on the economic relationship alone”, adding that taking advantage of every opportunity to collaborate will move the relationship forward.
The two countries were able to come together to prevent an even bigger global financial meltdown from taking place during the 2008 financial crisis, collaborate on medical science in Africa during the Ebola crisis in 2014, and are currently working together to ensure a nuclear-free Korean Peninsula, Tung said on Wednesday at the Asia Society during a high-level dialogue on the Belt and Road Initiative.
“Today, the fact is that the world is faced with many other challenges that need urgent attention,” he said, adding that “no single country can address [all of the] challenges alone”.
“A multilateral approach will be necessary, and the involvement of the big powers is crucial,” he said. “But initiatives agreed to between the US and China from the very beginning can help the eventual success of our common efforts. I believe that contributing to the global common good is a noble and good cause for the two countries to take on.”
Tung was Hong Kong’s first chief executive after the transfer of sovereignty from the United Kingdom to the People’s Republic of China in 1997.
He served until 2005 and is currently vice-chairman of the 12th National Committee of the Chinese People’s Political Consultative Conference.
The Belt and Road Initiative Dialogue held at the Asia Society, jointly organized by the China Center for International Economic Exchanges and the Asia Society Policy Institute,comes a month after a Belt and…
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