Hong Kong's small businesses and the 'fu er dai' phenomenon

Can small business survive these days? This may be a common question in a city like Hong Kong, where the so-called "real estate monopoly" can be blamed for almost everything.

Many of the city's small and privately owned shops and restaurants, run for decades by local families, have closed in the past few years, chiefly because of fast-rising rents in busy spots.

In their place, dozens of global luxury labels from Burberry to Dior have taken up more space, as they bet on the fast-increasing spending by more and more cash-rich mainland visitors.

via Business feed http://www.scmp.com/business/article/1142696/hong-kongs-small-businesses-and-fu-er-dai-phenomenon