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2min chapter
Fixing Hong Kong's Crisis of Confidence
Asia Centric by Bloomberg Intelligence
Changing Patterns in Luxury Spending and Cross-Border Shopping in Hong Kong
The chapter delves into the shifting dynamics of Chinese tourists spending in Hong Kong and local residents traveling to mainland China for shopping, focusing on the impact on the economy and the evolving behavior of the middle class. It predicts longer shopping trips across the border, presenting challenges for Hong Kong's retail sector to maintain local consumption.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode