3 ms·
I 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 withou
by schuke 8y ago
I 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