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HONG KONG (China Daily/Asia News Network): Multiple facets are coming into play within the emerging East Asian and Pacific nations trading bloc on the Hong Kong Special Administrative Region’s doorstep, not just the bloc’s central principle of lowering tariffs to importers, exporters, and economic sectors to achieve gradual trade liberalization over two decades. ....
The Standard Chartered GBA Business Confidence Index saw the first quarterly decline since its launch in the second quarter of 2020, due to the resurgence of the COVID-19 pandemic. Analysts said that although there may be downside risks to the index, they believed the central government will introduce measures to contain the situation. ....