Small shops are vanishing

Small shops are vanishing

I am writing in response to the article "Monopolies hurt consumers" (Young Post, November 10).

I agree that big-name chain stores have virtually "taken over" the local market. It is ironic that while mainlanders flock to Hong Kong to buy high-quality, inexpensive goods, the locals have to pay more for their daily necessities at supermarkets.

Many small shops have shut down because they cannot afford to pay the rent, and they are replaced by supermarkets. If this trend continues, consumers will have a limited choice, and the prices will keep on rising. So the ordinary people will be real losers.

The city's small stores are in danger of "extinction". We need to save them before it's too late.

Chow Chung-yin, Fung Kai Liu Man Shek Tong Secondary School

From the Editor

Thank you for your letter, Chung-yin. Ordinary Hongkongers cannot afford homes because all the flats are snapped up by the wealthy. Others cannot afford business premises because the rent is very high. We used to be celebrated as an open market, as an "easy place to do business". But it's hard to maintain this image if the ordinary shopkeeper is unable to make a living, not because they cannot trade, but simply because they cannot compete with the giants.

Economists will tell you that the market will "self-correct". But the "self-correction" is not a good outcome as we are not just dealing with wealthy people in Hong Kong, but also wealthy people from the mainland who see property in Hong Kong as a good investment.

Susan, Editor


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1 comment

Sze Yuet Cheng


I strongly agree with the writer’s opinion that small shops are vanishing in Hong Kong. I think there are too many mainlanders flocking to our territory every day and they compete and buy everything from luxurious goods to necessities. They push up the prices for us and make our life difficult. Also, there are too many of them crowded everywhere and this causes public transport overloaded and makes our life inconvenient.