Jim Calahan For more than 150 years, the exotic port of Hong Kong has been driven by commerce and trade. These twin passions are just as evident today under Chinese rule as they had been under the British. However, the government changeover in 1997, coupled with the crash of the Asian financial markets soon after, forced changes in Hong Kong's way of doing business.
Local salaries are down, rental prices are climbing, competition for consumer dollars is high.
That means there are now great bargains to be found in Hong Kong compared to U.S. prices. Finding those deals can be daunting, but the Hong Kong Tourist Association offers free maps showing the current factory outlets and designer discount places. Central District is the place to go for high-end fashions. Twice a year all Hong Kong merchants clear their shelves with enormous sales. Locals shop at the Temple Street night market, a great place for souvenirs, decorative items, and casual clothes.