Hong Kong Residents Flock to Shenzhen for Lower Prices

• Hong Kong residents going to Shenzhen, China for lower prices on goods and services like groceries, dining out, bubble tea shops • Prices much cheaper than highly unaffordable Hong Kong; example of $9K dental implants vs $25K in Hong Kong • Reversal of past years when mainland Chinese shopped in HK for luxury goods and baby formula • China's economic slowdown leading to deflation, price declines attractive to Hong Kongers • Easy border crossing by bus or subway from Hong Kong to Shenzhen facilitates shopping trips