And Hong Kong waste recovery companies are feeling the pinch because 98 % of Hong Kong 's recovered paper goes to be recycled in China , says Lau . 10,000 of Hong Kong 's poor depend on collecting scrap paper . The slowdown in Europe is hurting paper collectors like Kong Kit Tam . Hide Caption The scrap business is a bellwether industry for rising or falling business cycles .
10,000 of Hong Kong 's poor depend on collecting scrap paper . The slowdown in Europe is hurting paper collectors like Kong Kit Tam . Hide Caption The scrap business is a bellwether industry for rising or falling business cycles .