Wednesday, February 4, 2009

Recession finally hits Shanghai?

Wow.... 7pm and Nanjing Road was quiet. And all the restaurants were more than 1/2 empty. I hoped it was just because people are still on Chinese New Year holiday. But if that were the case, maybe companies hold told the employees to take an extra week off. Jury is still out on this speculation until next week. But one thing though, the supermarket was packed with shoppers to pay. Maybe cutting back....

Speaking of the economic downturn, where the heck did some mainlanders still carrying loads of cash to Macau? One guy got RMB140,000.00 stolen last week out of his jacket pocket (while hanging it behind his chair). Dumb? And then another guy almost lost HK500,000.00, a HK7,000.00 cellphone and RMB7,000.00 from his men's purse in a shop. Someone tried to steal it. So, where the heck did these guys get so much money? And there is still a currency limitation outgoing from China!

No comments: