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But Rice noted that Asia would likely be most affected, as there will be a reduction in the number of Chinese people traveling abroad along with a slowdown in imports and domestic economic activity.

But pleasant as it will no doubt be to the ears of his hosts, his promise not to use the Terminal High-Altitude Area Defense anti-missile system for purposes other than preventing nuclear/missile threats from Pyongyang, will be difficult to verify in practice.

But despite that, Hong Kong faces several challenges. First is slowdown in its growth rate due to lack of sufficient innovative technological development. Second is the unbalanced income distribution and high reliance on its service-oriented industrial structure. And third is the undermining of its role as an intermediary agent. From 1990 to 2004, Hong Kong was the world's largest container service port, but it dropped to the fifth position last year. Besides, in 2015, the Shanghai Stock Exchange surpassed the Hong Kong Stock Exchange in terms of market value.

But rather than chipping away at Amazon’s lead, growth by Microsoft and Google came at the expense of smaller players in the market.

But Fan said he was optimistic about the economic outlook, as effects of major reforms these two years would continue to surface in 2018.