Official data released last Wednesday showed that retail sales in Hong Kong rose by 11.7 percent from a year earlier to HKD 30.2 billion (USD 3.85 billion). It followed a drop of 13.8 percent in March…
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Hong Kong retail sales dip 1.7 percent in May
Retail sales in Hong Kong dipped 1.7 percent in May, reneging on an earlier rebound in April as the region struggles to build a consistent recovery from its COVID outbreak earlier this year.…
Hong Kong government releases second batch of consumption voucher in August
Last year, the Hong Kong government launched the Consumption Voucher Scheme in an effort to stimulate the city’s economy in the wake of the Covid-19 outbreak. Last year, the Hong Kong government launc…
Hong Kong consumption vouchers unlikely to bring the market “back to life”
Following the recent announcement that the first round of HK$10,000 consumption vouchers will be distributed in April, Hong Kong Retail Management Association’s chairwoman Annie Tse Yau On-yee s…