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This piece of news is about The yuan’s advance against the Hong Kong dollar could trigger an economic downturn in Hong Kong.The yuan is strengthening and the US dollar is weakening and The Hong Kong economy is caught in between these two currencies.
We can see that in the past six months the prices of some consumer goods in Hong Kong have increased sharply.
The prices of imported mainland food will continue to rise and low-income families may be forced give up fresh meat, vegetables and fruit.
In my opinion,we have no other alternatives for importing these foods. It’s because Hong Kong is heavily dependent on China for imported food. I hope Hong kong government can set up plans to help poor families maintaining their daily life during this hard period .