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China's new antitrust guidelines on Fintech discussion with Anjani Trivedi & relabeling of "Made in


China's new antitrust guidelines on Fintech discussion with Anjani Trivedi & relabeling of "Made in

As an African proverb goes, when elephants fight it is the grass that suffers. Currently, Hong Kong is finding itself in the position of that grass. Starting this month, locally-made goods can no longer be exported to the United States with the label “Made in Hong Kong”. More on that later.

But first, tech giants such as Apple, Facebook, Google, Amazon, and Microsoft have dominated the world for decades. Today though, so-called “platform” companies and the “platform economy” are in the ascendant. One research report by McKinsey suggests more than 30% of global economic activity - some US$60 trillion - could be mediated by digital platforms within the next six years. And that concerns regulators everywhere, including in mainland China, where the government worries that digital platform companies such as Tencent, and Alibaba and its affiliated Ant Group, could be getting too big and too influential.

As his presidential term started, Donald Trump was sometimes full of praises for Chinese President Xi Jinping. Later though, he changed tack, accusing China of unfair trading practices and intellectual property theft and initiating a trade war with China in 2018. The US has since imposed hefty tariffs on Chinese goods, and China has naturally retaliated. In January, both sides called a truce, but Hong Kong has been caught in the US-China crossfire. Since the introduction of the National Security Law in May, the United States has revoked Hong Kong’s special trade status and imposed sanctions on top local and mainland officials. And starting this month, the “Made in Hong Kong” label is no longer allowed on locally-made goods exported to the US.

The Pulse

RTHK's English-language current affairs programme that takes "The Pulse" of Hong Kong ... and the world around it.

"The Pulse" is presented by locally and internationally known journalist and writer Steve Vines.

Its focus? The latest events and trends that affect Hong Kong - from the corridors of power and business boardrooms, to the streets and dai pai dongs.

"The Pulse" is politics. What's happening in the Legislative Council and on the streets right now.

"The Pulse" is the media, informing us how well or badly our press and broadcast organisations diagnose and reflect the society around us.

"The Pulse" is insightful, in-depth reports and interviews on current issues - examining those issues in depth, looking behind and beyond the news.

Its focus is on the timely. The Now.

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