Hong Kong retail sales remain grim: Is there light at the end of the tunnel?

Hong Kong retail sales continue to experience a recession, reporting a double-digit drop in two consecutive months in May and a 6.1 per cent decrease for the first five months of this year. The prolonged downturn has led many to wonder what the future holds for the industry.  What is happening?  A government spokesman said the decline in sales was mainly due to the changes in the consumption patterns of visitors and residents, as well as the strength of the Hong Kong dollar.  Earl

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