In Markets

Macau retail sales value grows only marginally in 2014

The value of retail sales in Macau was MOP67.6 billion (US$8.46 billion) last year, 1 per cent more than the year before, Business Daily reports, citing Census and Statistics Service data.

The newspaper says the growth was small because the campaign against corruption in the mainland deterred mainlanders from spending lavishly in Macau and the protests in Hong Kong against curbs on democracy there deterred mainlanders from visiting both cities.

Sales of clothes and goods found in supermarkets and shopping malls increased, but sales of watches, clocks and jewellery and of leather goods decreased.

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