Shopping In Hong Kong

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Shopping in Hong Kong

Hong Kong People like shopping; they spend lots of money on buying things. According to the survey that made by the government, the value of total retail sales in June 2000, estimated at $15.3 billion. Every person approximately spends $2350 on shopping.

Online Shopping

Nowadays, the rapid development of the Internet advances the online trading. The customers do not need to walk on the streets, they just have to browse the website of that company, and the shop will provide the pictures of the products for you to purchase. The products you buy will be brought to your home.

In the recent two months( July and August ), there are 600000 people have used the internet to shop, according to the survey of a company, there is a market of 2 billion hk dollars.

The traditional market in Hong Kong

Temple Street

Temple Street is one of the most famous traditional Chinese Market and it locates in Yau Ma Tei. Carts bulge with goods, from casual clothing to mobile phones and watches. You might be able to buy all your souvenirs here. If you're lucky, you'll encounter impromptu Chinese street opera, fortune-tellers, and even street dentists. There are many food stalls as well. If everything is clean and you are hungry, then pull up a chair, the market now open at 2pm.

Jade Market

There are many hawkers sell various shades and qualities of the precious stone. To Chinese, jade has great spiritual value for warding off evil. When carved into certain shapes, it can represent wealth (deer), good fortune (tiger) and power (dragon). Don't buy expensive jade unless you are with an expert. The hours are from 10am-3:30pm daily. Mornings are the best time to go.

Financial Crisis

After the financial crisis in 1997, the economic and financial system of Hong Kong decline a lot, the demand of the consumer also decrease. Many shops were closed down. The companies wanted to attract more people went shopping by carrying out many promotions:

. Discount

Many shops will offer discounts to the customers in order to sell more products.

As the financial crisis occurs, most of the companies have frozen the salary of their workers. In this way, the amount of money they could spend has decreased. The shops have to attract more customers to spend money, so they offer discounts to the customers. The prices of the products will be reduced from 10 percents to even 50 percents off.
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2. Free Parking

There are car parks at every shopping centre. When the customers spend an amount of money, the shopping centre will offer the customers free parking.

The maintenance cost of a shopping centre is very high, the major incomes are the rent of the shops and the fee of the car park. Normally, the fee of the car park is about $18-20 per hour. To attract more people to visit the shopping center, the companies carried out a policies: When a customer spend a certain amount of money in the centre, you will get ...

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