"But an opinion poll this month revealed unease among Swedes, with almost seven out of 10 saying they wanted to keep the option to use cash, while just 25% wanted a completely cashless society."
"When I moved here 10 years ago, the taxi meter started at a reasonable HK$15. It is $22 today, a 50% increase. The flag fall fare will likely go up to $24 by the end of this year. The cost of a bowl of wonton noodles at Tsim Chai Kee (沾仔記) on Wellington Street – my personal measure of consumer prices – has doubled from $13 to $26."
"The monthly rent of a unit in that building is now more than twice the amount I used to pay in 2005."
"The biggest shockwave is the arrival of Mainlanders by the tens of millions. The number of visitors from China has nearly quadrupled from 12.5 million in 2005 to a record high of 47.2 million in 2014. For perspective, that’s seven times the city’s population. In 2005, Mainlanders accounted for 54% of the total number of tourists coming to Hong Kong. 10 years later, the percentage jumped to 78%. Among them are armies of parallel traders who load up on merchandise over here and resell it at a higher price back home. Apart from quality assurance, the big draw is the exchange rate: the renminbi has appreciated more than 30% against the Hong Kong dollar since 2005."
An article in The Guardian (2018)
"When I moved here 10 years ago, the taxi meter started at a reasonable HK$15. It is $22 today, a 50% increase. The flag fall fare will likely go up to $24 by the end of this year. The cost of a bowl of wonton noodles at Tsim Chai Kee (沾仔記) on Wellington Street – my personal measure of consumer prices – has doubled from $13 to $26."
"The monthly rent of a unit in that building is now more than twice the amount I used to pay in 2005."
"The biggest shockwave is the arrival of Mainlanders by the tens of millions. The number of visitors from China has nearly quadrupled from 12.5 million in 2005 to a record high of 47.2 million in 2014. For perspective, that’s seven times the city’s population. In 2005, Mainlanders accounted for 54% of the total number of tourists coming to Hong Kong. 10 years later, the percentage jumped to 78%. Among them are armies of parallel traders who load up on merchandise over here and resell it at a higher price back home. Apart from quality assurance, the big draw is the exchange rate: the renminbi has appreciated more than 30% against the Hong Kong dollar since 2005."
Jason. Y. Ng. (10 years in Hong Kong)
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