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peace and quiet... HK? Well, haters take their own shares. However HK cannot make money from peace and quiet to make it sustainable. According to Wikipedia (ht
by azurezyq 8y ago
peace and quiet... HK?
Well, haters take their own shares. However HK cannot make money from peace and quiet to make it sustainable.
According to Wikipedia (https://en.wikipedia.org/wiki/Economy_of_Hong_Kong#GDP[45] https://en.wikipedia.org/wiki/Economy_of_Hong_Kong#GDP[45]), Tourism is 5% of the GDP and I believe a big chunk of that is contributed by people from mainland.
- schuke 8y agoI highly doubt if it's only 5%. A mainlander goes to HK, buys Rolex and new iPhone. Wears the Rolex and switches to the new iPhone. Goes back to mainland without declaring anything. How do these numbers end up in official statistics for tourism? Or it could be the other way round: HK resident buys Rolex and iPhone, sells in mainland thus making money.
- rahimnathwani 8y agoUnless the Rolex and iPhone are made in Hong Kong, only the wholesale and retail margin would show up in GDP.
- robjan 8y agoWe are one of the financial capitals of Asia and a significant amount of goods departing China to the West go via our city.
- andymcsherry 8y agoI’m sure these things can be tracked by analyzing the currency exchange patterns between HK and the mainland