JUST READ IT Answers: Christmas cancelled for more Hongkongers who say they won’t buy any gifts amid economic crunch [January 3, 2018]

JUST READ IT Answers: Christmas cancelled for more Hongkongers who say they won’t buy any gifts amid economic crunch [January 3, 2018]

1. i) slowdown in China

ii) strong local currency/locals shopping overseas

2. B

3. business in Hong Kong will suffer even more

4. products are much cheaper in Japan and Korea as they benefit from weaker local currencies

5. (i) cutting
(ii) cautious
(iii) benefited

6. D

7. B

8. the wealth gap has grown - the study shows that wealthier people will be spending more this year even though most people will be spending less.

9. A

10. Hongkongers throw clothes away at an alarming speed, which has put a lot of pressure on the environment/continues a cycle of overconsumption.

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