Weelock
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16-2-2014 14:47 |
Reply #17 AsnDragon's post
The crackdown on Dongguan's vice trade may cost city businesses, including hotels, shops and restaurants, at least 50 billion yuan (HK$63.5 billion) - or one-tenth of the local economy - analysts said
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"Fifty billion yuan is a general estimate by many research institutes of the volume of Dongguan's sex trade."
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"It's a reasonable estimate, but I'm afraid the actual figure could be even higher," said Lin. "It will have a serious impact on the local economy.
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AsnDragon,
You are correct. The article gave a consevative estimate of 10% (one-tenth of the local economy) analysts said but figure could be even higher.
I heard rumors that many of the hotels in CP were only 25% to 30% full for last week. Weekend should be better but they don't know yet since
the weekend has not ended.
[ Last edited by Weelock at 16-2-2014 14:53 ] | |
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