Parallel trading in Hong Kong’s northern districts

Hong Kong has long thrived as one of the freest economies in the world, thanks in part to an absence of taxes and duties on goods.  But there is growing concern about the system being abused by parallel traders, who take advantage of multiple entry visas or “home return permits” to move goods from Hong Kong across the border into mainland China. People who live in Hong Kong’s northern districts say parallel trading is causing social and economic disruption for local communities near the…