Hong Kong-based economist Lawrence Lau Juen-yee said yesterday that while the US tariffs’ impact on the mainland Chinese economy had certainly been “significant and negative”, it was still relatively “small in real terms and quite manageable for China”, “there is no need to panic, the sky is not falling”.
Lau made the remarks in his presentation on “The China-US Trade War Challenges and Opportunities for China, the Greater Bay Area and Macau” on the public University of Macau’s (UM) Hengqin campus.
Lau, 74, is Ralph and Claire Landau Professor of Economics at the Chinese University of Hong Kong (CUHK). He served as the vice-chancellor and president of CUHK between 2004 and 2010, according to Wikipedia.
Hong Kong-based economist Lawrence Lau Juen-yee delivers a presentation on “The China-U.S. Trade War Challenges and Opportunities for China, the Greater Bay Area and Macau” on the University of Macau (UM) campus yesterday. Photo: Edwin Yang
