The Zhitong Finance App learned that the chairman of the Hong Kong Retail Management Association, Tse Qiu An-yee, said that retail sales growth in June was narrower than in May, and was mainly affected by Hong Kong people traveling for long vacations and bad weather. According to a member survey, the market was still weak in July. About 30% of members expect business to record a decline. As Hong Kong people travel during the summer vacation, which affects local consumption, the number of visitors to Hong Kong will increase until late July to August, which will only drive the retail market.
Zhitongcaijing · 2d ago
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The Zhitong Finance App learned that the chairman of the Hong Kong Retail Management Association, Tse Qiu An-yee, said that retail sales growth in June was narrower than in May, and was mainly affected by Hong Kong people traveling for long vacations and bad weather. According to a member survey, the market was still weak in July. About 30% of members expect business to record a decline. As Hong Kong people travel during the summer vacation, which affects local consumption, the number of visitors to Hong Kong will increase until late July to August, which will only drive the retail market.
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