Hong Kong Small Business Vanishes With Soaring Rent


Lease advertisements adorn the front of a shuttered commercial space... News PhotoAdvertisement,Asia,Civilian,Consumerism,Customer,East Asia,Economy,Environment,Finance,Geographical Locations,Hong Kong,Horizontal,Lease Agreement,Routine,Shutter,Sitting,Store,Talking,VendorPhotographer Collection: Bloomberg 2013 BloombergLease advertisements adorn the front of a shuttered commercial space next to a hardware store as vendors sit and chat in the Tai Hang area of Hong Kong, China, on Saturday, March 30, 2013. Rents are climbing in neighborhoods near Causeway Bay and Hong Kong's other prime shopping districts, known for luxury stores that attract free-spending tourists from mainland China. That's squeezing out mom-and-pop shops, congee and noodle vendors as developers and landlords seek to profit from the trend. Photographer: Lam Yik Fei/Bloomberg via Getty Images