Hong Kong residents are not immune to the pall cast by the current global economic slowdown and rising inflation.
This year, consumer confidence in Hong Kong has slipped to the lowest level in two years, Nielsen reported Thursday.  Hong Kong’s Nielsen Confidence Index has fallen to 109 in 2008 — from 118 in 2007. 
That trend is forcing Hong Kong residents to change their lifestyles.  According to the most recent Nielsen Consumer Confidence study, 53% of people in Hong Kong are less willing to spend in the next 12 months – up from 39% in 2007.  Two-thirds of Hong Kong residents also reported they …