Published April 13, 2015 at 8:55 PM
Updated April 22, 2015 at 10:02 AM
China has moved to limit visits to Hong Kong by people in the nearby mainland city of Shenzhen. People from Shenzhen will be allowed only one trip per week. It comes amid rising tension over the impact of mainland visitors on the regional economy. CCTV’s Li Jiejun filed this report.
Highlights:
Residents living next to the mainland border say visitors are snapping up too many of their daily essentials, like powdered baby milk formula.
People say the increased buying has raised prices and caused product shortages.
Shenzhen residents often use multiple entry visas to cross into Hong Kong, wanting higher quality and cheaper prices.
Some small-scale traders buy up large amounts of stock, tax-free, to re-sell on the mainland.
Fred Teng of the Hong Kong Association on the Hong Kong restriction
For more on the restrictions, CCTV spoke to Fred Teng in New York. He’s the former chairman of the Hong Kong Association of New York.
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