Staff shortages have gripped the developed world as countries recover from the COVID-19 pandemic with reports of fruit and vegetables rotting in fields in the United Kingdom for want of pickers, and restaurants shuttered in the United States as cooks and waiters are thin on the ground.
As all the items tossed into the sky by the global COVID-19 pandemic settled back to earth, the world took on a new shape. The shake-up has accentuated the need for global economic cooperation, putting the spotlight on such international collaboration programmes as the Belt and Road Initiative, which is supported by an economic growth engine -- the Guangdong-Hong Kong-Macao Greater Bay Area (GBA).
It has been suggested that the Asia-Pacific’s Regional Comprehensive Economic Partnership (RCEP) and China’s Guangdong-Hong Kong-Macao Greater Bay Area can support the Belt and Road Initiative in driving global development forward. Ways to achieve this will be examined at the Belt and Road Summit 2021.
Half a century ago overseas visitors to Hong Kong could take trips to ridges in the northern New Territories, where they would stand and look across the hazy forested hills into the mystery territory of Guangdong.
Because of the limited size of the Hong Kong market, a number of local start‑ups are setting their sights on overseas markets, with the intention of expanding once their business has grown to a certain level.