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World-leading Economists and Thought Leaders Converge at Hong Kong’s Landmark Forum to Decode China’s Economic Future in a Multipolar World

HONG KONG SAR -  Media OutReach Newswire - 12 December 2025 - The highly anticipated  International Forum on China's Economy and Policy 2025, held by the  Chief Executive's Policy Unit (CEPU) of the Hong Kong Special Administrative Region (HKSAR) Government, successfully concluded in mid-November. Themed  "Economic Transformations in a Multipolar World", the Forum delivered a full day of profound insights and high-level dialogue on the shifting dynamics of the global economy. The event, held at the Central Government Offices in Hong Kong, attracted around 600 distinguished guests, including leading economists, policymakers, academics, business and think tank leaders from overseas, the Chinese Mainland and Hong Kong. 
  This landmark event, organised by the CEPU in collaboration with think tanks affiliated with the Chinese Academy of Social Sciences and world-leading university think tanks in Hong Kong, was designed to serve as a critical platform to discuss and shape impactful policy initiatives for the economic development of China and beyond. The Forum examined and discussed the ongoing transition of the global economy under a multipolar system, with a focus on how geopolitics, regional trade blocs, technological innovation, and shifting supply chains are reshaping global trade, governance and financial systems. In particular, the Forum also highlighted Hong Kong's new role in navigating these changes, fostering innovation, and contributing to the future of the national and global economy. 
  The Forum is the second of the CEPU's flagship series "International Forum on China's Economy and Policy". As the "think tank among think tanks" working directly under the Chief Executive of the HKSAR, the CEPU has championed the creation of this high-level platform to encourage cross‑sector dialogue on this crucial matter. The inaugural Forum took place in 2023 under the theme "China's Stride towards High-quality Development – The Opportunities and Roles of Hong Kong" that examined and discussed China's economic situation and future trends, the global economic landscape and Hong Kong's role in national economic development under China's strides towards high-quality development. 
  This year, against the backdrop of today's increasingly complex global economic landscape, the Forum featured Hong Kong's unique role in actively pioneering new development paradigms and creating stronger impetus. This includes leveraging its distinctive strengths in deepening international exchanges and co-operation, while proactively integrating into national development. 
  In his welcoming remarks at the Forum, the Chief Executive of the HKSAR, Mr John Lee said, "Our country is solidly on a path of high-quality development, creating a stable platform for global growth. As part of this national endeavour, the HKSAR is proud to contribute its unique advantages, which also enable us to play a critical role in global economic transformations. Under the 'one country, two systems' principle, Hong Kong enjoys the dual advantage of having both national and global opportunities. In these times of economic uncertainty, Hong Kong, as a 'super connector' and 'super value-adder', builds bridges for a world of mutual opportunity, offering a market-friendly business environment. We are working now, proactively, to align ourselves with the 15th Five-Year Plan, fulfil Hong Kong's responsibilities and seize the plentiful opportunities there for us." 
             
       The Chief Executive, Mr John Lee, delivered his welcome remarks at Economic Transformations in a Multipolar World - International Forum on China's Economy and Policy 2025.     
     
 To discuss economic transformations around the world, this year's Forum brought together leaders from all sectors to explore pathways for collaborative development. Special addresses were delivered by the esteemed Columbia University Professor and Nobel Memorial Prize laureate in Economic Sciences Professor Joseph E. Stiglitz, and Stanford University Philip H. Knight Professor Emeritus of Management, Graduate School of Business, Senior Fellow, Hoover Institution, and Nobel Memorial Prize laureate in Economic Sciences  Professor Michael Spence. The Chief Executive also had a meeting with Professor Stiglitz and Professor Spence, both unanimously agreed that China's economy has greater room for development, while Hong Kong is poised to play a more significant role in forming a new development model. 
             
       Columbia University Professor and Nobel Memorial Prize laureate in Economic Sciences, Professor Joseph E Stiglitz, shared his insights at the Forum.      
     
            
       Philip H Knight Professor Emeritus of Management, Graduate School of Business, Senior Fellow, Hoover Institution, Stanford University, and Nobel Memorial Prize laureate in Economic Sciences, Professor Michael Spence, delivered a special address at the Forum.     
     
            
       The Chief Executive, Mr John Lee (centre), met with two Nobel Memorial Prize laureates in Economic Sciences in 2001, Professor Joseph E Stiglitz (second left) and Professor Michael Spence (second right).      
     
 The Forum also brought together more than 20 experts, academics, business leaders and government officials from overseas, the Chinese Mainland and Hong Kong who participated in three high-level panel discussion sessions that tackled pressing issues surrounding the themes "Global Significance of China's New Development Plan", "The New Development Landscape of Hong Kong", and "The Integrated Symbiosis of Regional Economies in the World". In-depth discussions focused on the latest dynamics and trends of global transformations, impacts and challenges faced by the global economy, and on key topics such as the nation's economic development strategy during the 15th Five-Year Plan period, sustainable development models for regional economic co-operation in the world, and how Hong Kong can enhance its international competitiveness and contribute to future global economic development in the evolving landscape. 
             
       Moderator and speakers of the first panel discussion session of the Forum themed Global Significance of China’s New Development Plan     
     
            
       Moderator and speakers of the second panel discussion session of the Forum themed The New Development Landscape of Hong Kong     
     
            
       Moderator and speakers of the third panel discussion session of the Forum themed The Integrated Symbiosis of Regional Economies in the World     
     
 Among the esteemed speakers were Member of the Leading Party Members' Group, and Secretary-General, Chinese Academy of Social Sciences,  Dr Zhao Zhimin; Academician, Chinese Academy of Social Sciences,  Dr Cai Fang; Vice Director, Economic Committee of the 13th National Committee of the Chinese People's Political Consultative Conference and former Vice Minister, Development Research Center of the State Council,  Dr Liu Shijin; Director, the Institute for European Policymaking, Bocconi University,  Professor Daniel Gros; and the Chairman, Europe-Asia Center, former Under-Secretary-General, United Nations, and former Executive Director, United Nations Environment Programme,  Mr Erik Solheim. 
             
       Member of the Leading Party Members' Group and Secretary-General, Chinese Academy of Social Science, Dr Zhao Zhimin, delivered his welcome remarks at the Forum.     
     
 "The Forum establishes a platform with international influence for high-level dialogue and exchange among the academic community, business leaders and think tanks. Renowned speakers from the United States, Europe, ASEAN (Association of Southeast Asian Nations), the Chinese Mainland, Hong Kong and across the globe have been invited," commented Dr Stephen Wong, Head of the CEPU. "This initiative serves a dual purpose: to deepen international exchanges and co-operation for local think tanks, thereby enhancing their global influence; and to explore international and national economic development trends, uncovering Hong Kong's unique advantage as a bridge connecting the Chinese Mainland and the world. This will accelerate Hong Kong's integration into and contribution to the broader National Development landscape." 
             
       The Head of the Chief Executive’s Policy Unit, Dr Stephen Wong, delivered his closing remarks at the Forum.     
     
 Beyond the formal sessions, the Forum provided an invaluable venue for economists, policymakers, academics, think tank experts, business and thought leaders from overseas, the Chinese Mainland and Hong Kong to network and forge partnerships, once again showcasing Hong Kong's unique role as a 'super connector' and 'super value-adder'. The International Forum on China's Economy and Policy has firmly established itself as a premier event for understanding the forces shaping China's economic trajectory and its profound impact on the world, with many attendees already looking forward to future opportunities to reconvene and continue this critical dialogue. 
Hashtag: #CEPU
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Leipart Heating and Cooling Urges Naperville Homeowners to Prepare HVAC Systems for Winter

December 12, 2025 - PRESSADVANTAGE - 
Leipart Heating & Cooling, a leading HVAC service provider serving Naperville and surrounding areas, is reminding homeowners that early fall represents the optimal time to prepare heating systems for the demanding winter months ahead. With temperatures beginning to drop across northern Illinois, the company emphasizes that proactive maintenance can prevent emergency breakdowns during the coldest periods of the year.
The Naperville-based HVAC specialist reports increased service calls each winter from homeowners who experience heating system failures during extreme cold snaps. By scheduling preventive maintenance now, residents can avoid the inconvenience and discomfort of heating emergencies when technicians are in highest demand.
"Every year we see preventable heating failures that leave families without heat during the worst possible times," said Jim Leipart, owner of Leipart Heating & Cooling. "Taking time now to prepare for winter ensures your heating system will perform reliably when you need it most. A properly maintained furnace not only prevents breakdowns but also operates more efficiently, reducing energy costs throughout the heating season."
The company's NATE-certified technicians perform comprehensive furnace tune-ups that include inspecting heat exchangers, testing safety controls, checking electrical connections, cleaning burners, replacing filters, and calibrating thermostats. These preventive measures help identify potential issues before they develop into costly repairs or complete system failures.
Beyond furnace maintenance, the HVAC professionals recommend several additional steps homeowners should take to winterize their heating and cooling systems. Sealing ductwork prevents heated air from escaping into unconditioned spaces, while programming thermostats for optimal winter settings can significantly reduce energy consumption. The company also advises checking and sealing air leaks around windows and doors to minimize heat loss.
For homes with central air conditioning systems, fall maintenance includes properly covering outdoor units and ensuring condensate lines are clear to prevent freeze damage. Heat pump systems require special attention to defrost cycles and refrigerant levels to maintain efficient operation in cold weather.
The timing of winter preparation proves particularly critical given the unpredictable nature of Midwest weather patterns. Temperature fluctuations can stress HVAC equipment, making proper maintenance essential for system longevity. Regular maintenance extends equipment life, maintains manufacturer warranties, and ensures safe operation throughout the heating season.


Leipart Heating & Cooling has served the Naperville community with comprehensive HVAC services including heat repair, AC repair, central heating and cooling solutions, and preventive maintenance. The company's team of experienced, NATE-certified technicians provides service to both residential and commercial clients throughout Naperville and neighboring communities. Known for transparent pricing and dedication to customer satisfaction, the company offers free quotes for all services and maintains 24/7 emergency response capabilities to address urgent heating and cooling needs.
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For more information about Leipart Heating and Cooling, contact the company here:
Leipart Heating and Cooling
Jim Leipart
(630) 581-2110
leipartheatingandcooling@yahoo.com
823 Fieldcrest Dr. Naperville, IL. 60540

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