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Editor’s Note

Hong Kong residents are being an estimate by investment bank In our 170th issue, we dive into
lured to nearby Shenzhen to spend. Natixis. stories of the youth all around the
On the last Saturday of January world, from cadets getting in-
2024, departures of Hong Kong Meanwhile, the city received volved in this year’s Taiwan elec-
residents to Shenzhen via the Lo almost 40% less tourists in 2023 tion, Vietnamese students paying
Wu and Lok Ma Chau Spur Line than before the pandemic, in 2019. agencies exorbitant costs to study
crossings were over three times Mainland visitors have returned, abroad, and children celebrating
more than that of January 2020, but are opting for day-long budget their birthdays thanks to a Hong
according to the Immigration De- group tours and photo-taking in- Kong charity. In our People’s sec-
partment of the Hong Kong Spe- stead of spending big. All this is tion we interview ultra mara-
cial Administrative Region. happening despite efforts to stim- thoner Steve Lo Chun-yin, Lon-
ulate the nighttime economy. All don-based performer Jarita Wan
Stories fly around about week- this spells trouble for Hong Kong’s Cheuk-yin using acting to teach
end adventures there, where the retail sector. Cantonese to immigrants, and a
food is tastier and everything is mysterious artist who leaves pipe
cheaper yet of the same quality. Varsity talks to those going cleaner figures around university
Getting ready to spend is no across the border to learn how big campus.
problem, since control points these cost differences are, and to
have currency exchange economics professors with predic- Enjoy your read!
kiosks. Hongkongers tions of the future of Hong Kong’s
spent HK$66.5 bil- retail scene. We also take a trip to
lion (US $8.5 billion) Temple Street - a site of the city’s
in Shenzhen and its Night Vibes Campaign - to see Liam Hordijk
neighbouring cities what Hong Kong’s typical souvenir Chief Editor
in 2023, according to stores are lacking.

Varsity Magazine, Issue 170, March 2024
Editorial Office, School of Journalism and
Where to find us?
Communication, The Chinese University of Hong Kong,
Instagram: @varsity.cuhk
Sha Tin, N.T., Hong Kong
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Contact Telephone: 3943 7680
X: @varsitycuhk
Fax: 3603 5007
Email: varsity@cuhk.edu.hk