Brief

Hong Kong tycoon Gordon Wu predicts China will surpass the US as the world's largest economy within the next decade. He attributes this projection to China's rapid technological advancements, contrasting it with the US's substantial defense spending and national debt. Despite geopolitical tensions, Wu advises Hong Kong to strengthen ties with the US and leverage its position as a trading hub to attract American private wealth. AI

Property tycoon Gordon Wu has called for the revival of large-scale land reclamation projects off Lantau Island, arguing that Hong Kong's development is being hindered by a lack of urban land. He believes that while the Northern Metropolis project is a priority, future population growth to an estimated 10 million people will necessitate additional land creation. Wu emphasized that the government must first secure land ownership and develop transportation infrastructure before the private sector can invest in such mega-developments. AI