Shenzhen Folks Shop in Hong Kong for Almost Everything

choi

Te-Ping Chen, Shenzhen’s Cross-Border Soy Sauce Runs. China Real Time Report, May 8, 2012.
http://blogs.wsj.com/chinarealti ... der-soy-sauce-runs/
(generating $3 billion in annual sales)

Quote:

"the number of mainland tourists visiting Hong Kong has vaulted in recent years, growing in 2010 to nearly 23 million—equal to three times Hong Kong’s population

"Plenty of people from Shenzhen make the trip to Hong Kong to stock up on designer clothes and high-end handbags—thereby avoiding mainland China’s luxury tax. But many also make the trip to buy mundane products from toothpaste to cooking supplies.

My comment: Maybe it is like Mexicans coming to US for shopping, who buy everything, including grocery. See

Suad Ghaddar and Cynthia J Brown, The Economic Impact of Mexican Visitors Along the US-Mexico Border: A Research Synthesis. Center for Border Economic Studies, University of Texas-Pan American, December 2005.
http://www.icsc.org/srch/rsrch/w ... icoBorder_Jan06.pdf

(a) View Figures 1 to 3 (headlined "Expenditures by Category" in Arizona, California and Texas, respeetively) at pages 11-12.
(b) About ICSC.
http://www.icsc.org/about/about.php
("Founded in 1957, the International Council of Shopping Centers (ICSC) is the global trade association of the shopping center industry")

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