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CRITICAL ANALYSIS OF GLOBAL DEVELOPMENTS, TRENDS & IDEAS

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Xiaoling Tang

Xiaoling Tang has 1 articles published.

Anger Across the Water: Parallel Trading in Hong Kong

in Asia/Diplomacy/Economics by

The conflict between Mainland Chinese and Hong Kong people doesn’t seem to have an end in any sense. After the influential pro-democracy demonstration in Hong Kong, another protest against Mainland Chinese traders buying up goods to make a profit back home took place recently, and is still going on at the time of writing. Hundreds of Hong Kong residents have gathered to demonstrate against visitors from Mainland China. Hong Kong people are angry with these so-called “parallel traders,” who come to Hong Kong to stock up on lower-priced goods, including food items, luxury goods and electronics only to sell the goods for a profit across the border while dodging tariffs. The outrage has also spread to normal tourists, shoppers, cross-border buses and passersby with suitcases and trolleys from Mainland China. Social media has been awash with videos showing the activists attacking normal visitors from Mainland China, including old people and children, causing great rage and inciting another round of war online between Hong Kong people and Mainlanders. Parallel trading in Hong Kong has a long history. The number of parallel traders from Mainland China grows each year and the problem has become even more serious since 2008, when tainted supplies…

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