Global Prosperity Summit 2025 highlights Hong Kong's role as a super-connector as experts from around the world convene to discuss space innovation, AI and the trade war

HONG KONG,May 20, 2025/PRNewswire/ -- Today marked the opening of the 2025 edition of Global Prosperity Summit (GPS2025),Hong Kong'sfirst-ever conference designed to address the most important geopolitical issues facing the world. Following the success of last year's inaugural event, GPS2025 is reinforcing the city's position as a super-connector by bringing together renowned academic and international experts from across the globe to exchange views on subjects that are impacting global prosperity. The co-organisers said they are honoured that Mr Wu Hailong, President of The China Public Diplomacy Association, delivered the keynote address to kick off GPS2025.

Speaking during the keynote address,"China'sWorldview", Mr Wu said:

• "There are mainly four trends on the international landscape: the rise ofChina, the fault line in U.S.-West relations, the rise of the Global South and the shift of the world's centre of gravity toAsia."
• "On Sino-US relations,Chinawill continue to adhere to the principles of mutual respect, peaceful coexistence andwin-win cooperation. At the same time, we hopethe United Statescan recognise the broader trajectory of historical progress and viewChina'sgrowth objectively."
• "On Sino-EU relations, this year marks the 50th anniversary of China-EU diplomatic relations.Chinaretains its confidence inEuropeand believesEuropecan be a cooperation partner. The two sides have the capability and wisdom to address existing issues properly and pave the way together for another promising 50 years."
• "Amid the current global transformation, a new force is emerging, and that is the Global South. Today, the Global South accounts for over 40 percent of global economic output and contributes 80 percent of global growth. It is a pivotal force in safeguarding peace, driving development and advancing global governance. It is reshaping the global political and economic landscapes while causing a historical shift in the global balance of power. A trend is taking shape with the'rise of the South and decline of the North'. Increasingly, Global South countries are gaining voice and influence in international affairs."
• "As long as we uphold the vision of a shared home, remain committed to building a community with a shared future for mankind and approach issues through equal-footed consultation and mutual accommodation, no problem is unsolvable."

Following the keynote address were three panel discussions:"The Promise of Space – Breakthroughs and Potential","AI and the Future of Work", and"Trade War, Hot Wars and the Global Economy".

During the panel on trade war, speakers said they consider communications and cooperation to be important in managing the issue going forward. (Highlights of the panel discussions are enclosed in the Annex.)

MrsRegina Ip, Chairperson of the Board of Governors of the Savantas Policy Institute, said,"Global Prosperity Summit is a joint effort by the government, think tanks and chambers of commerce to tell the true story ofHong Kongand help the world recognise the unique roleHong Kongcan play in bridging divides and reducing differences."

In addition to the Savantas Policy Institute and Shanghai Institutes for International Studies, the European Chamber of Commerce inHong Konghas joined as a co-organiser this year. GPS2025 is being held from 19 May to21 May 2025at The Fullerton Ocean Park Hotel Hong Kong. Participants include renowned scholars and experts from mainlandChina,Europe,North Americaand Asia, who have arrived inHong Kongto exchange views and share suggestions on the critical issues that are affecting global development the most.

GPS2025 continues tomorrow with two more panel discussions,"Climate Change and Sustainable Development"and"Hong Kong'sBridging Role in a Changing World".

About Global Prosperity Summit

Global Prosperity Summit was initiated by a group of business, academic and experts inHong Kongto provide a platform for frank, objective and rational discussion of dominant issues impacting global prosperity. The inaugural Summit was held inHong Kongin 2024.

About Savantas Policy Institute

Savantas Policy Institute (SPI) was founded in 2006 by a group ofHong Kongbelongers with overseas experience who care deeply aboutHong Kong. The core vision of SPI is to enhanceHong Kong'stransformation into a knowledge-based economy. SPI engages mainly in conducting public policy research and analysis and recommending appropriate long-term developmental strategies, as well as promoting public understanding of and participation in the economic and social development of the Hong Kong Special Administrative Region.

About Shanghai Institutes for International Studies

Established in 1960, Shanghai Institutes for International Studies (SIIS) has played a crucial role in conducting strategic research, providing policy recommendations and contributing to the understanding of international politics, economics, security and other related fields. It has evolved into an important institution informing and shapingChina'sforeign policy and global engagement and has been accredited as one of the most influential think tanks inChinaand around the world.

About European Chamber of Commerce inHong Kong

Initiated in 1997, the European Chamber of Commerce inHong Kong(EuroCham) is a non-governmental business interest group. The EuroCham is a'Chamber of Chambers'with its membership comprising 16 European Chambers based inHong Kong. The appointed representatives of these chambers make up EuroCham's Board of Directors. Over 1,600 European companies are operating inHong Kong. In 2019,Europemaintained its position asHong Kong'ssecond-largest trading partner after mainlandChinaandHong Kong'ssecond-largest export destination and third-largest import supplier.

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SOURCE Savantas Policy Institute Limited