Hong Kong retailers forge new path without mainland Chinese tourists

by Holmes CHAN Three years of democracy protests followed by a pandemic have devastated Hong Kong retailers who had grown used to relying on cash from mainland Chinese tourists. In a city that once boasted some of the world’s highest retail rents, the market has cratered. But a border town has seized the chance to evolve its local economy. Sheung Shui is the first town from the main overland border crossing and once thrived as […]