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Luxury sales growth in HK could signal recovery of the Chinese market

Sales of luxury goods in Hong Kong rebounded in a sign that confidence is returning to a Chinese economy that probably picked up pace in the final three months of last year after a seven-quarter slowdown. Sales of luxury goods including jewellery and watches jumped 13.7 percent in November from a year earlier after a 2.9 percent decline in October, Hong Kong’s government said in a statement earlier last week.