Shenzhen too pricey? Cost-conscious Hongkongers dig deeper into mainland China

As Hong Kong's cost of living continues to soar, many retirees and cost-conscious individuals are turning their attention to the mainland Chinese cities of Guangzhou, Zhongshan, and neighboring Dongguan for more affordable dining, shopping, and healthcare options. In Shenzhen, a meal for four that once cost around 300 yuan ($45) just a few years ago now runs upwards of 500 to 600 yuan ($75-$90), while Guangzhou and Zhongshan offer similar dining experiences for around 200 yuan ($30).

According to the city's statistics bureau, consumer prices in Shenzhen rose 0.2 percent in 2021, including a 0.2 percent increase in food prices and a 2.8 percent rise in healthcare costs, while Guangzhou's consumer goods and services are generally cheaper due to lower wages and rents. In the first quarter of 2023, the number of overnight trips by Hong Kong residents to Guangdong province reached 514,300, a 2.35 percent increase year-on-year.

Rain Wong, a psychological counsellor, observed that friends have expanded their shopping destinations from Shenzhen to Guangzhou, Zhongshan, and Dongguan, with many comparing consumer experiences offered by different cities. Zhongshan, with its rich food and overseas Chinese heritage, has become more accessible for Hongkongers since the opening of the Shenzhen-Zhongshan Link cross-sea highway two years ago.

With four people, a great meal can be had for just over 100 yuan (around $15), and the city boasts parks and lively spots. As Hong Kong's cost of living continues to rise, many are making the trip to Guangdong province for a comfortable weekend getaway and to enjoy traditional Chinese medicine, acupuncture treatments, and authentic Cantonese cuisine.