We remain amazed of Hong Kong locals' inventiveness on how to cope with the global recession and its immediate effect of their daily livelihood (= less spending power).
Take this for example, a textile shop proprietor and his wife which saw their sales figures dramatically plummet past year have created another business on their premises in order to draw the flow of money.....
Money exchanger to be more exact...exchanging Hong Kong dollars into Chinese Yuan/Renminbi...and vice versa...
It's a splendid idea as China is just one train stop away from their shop as locals and tourists frequent this area a lot..........but there is a catch.
The textile shopowners/cum new money exchangers don't have a clue what the daily exchange rates are........so how do they cope with that?
Check the newspapers? Switch to teletext on the television? Use online exchange sites for reference?........Nopers, none of that....
The business entrepreneurs simply go to an existing, money exchanger next doors, to get an idea of what the day rate is.........and they simply undercut their competitor's rate by a few cents.......
That's the way to do business, .....bravo....!!
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