It has a well developed tourism industry which attracts tens of thousands of people every year. Since 1997’s handing over, Hong Kong’s tourism has become increasing dependent to the vast market of mainland China. It has become more and more apparent since 2003 when Hong Kong’s economy was in severe depression and CEPA (Closer Economic Partnership Agreement) came into being...
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It has become more and more apparent since 2003 when Hong Kong’s economy was in severe depression and CEPA (Closer Economic Partnership Agreement) came into being. In order to relieve the Hong Kong economy and gain mutual benefit, CEPA loosed the constraints of mainland tourist’s visiting Hong Kong. Though traveling to Hong Kong become more possible for middle class people who share a big portion of the total population of Mainland China, the normal price for a group tour to Hong Kong is still above budget of those people...
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