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  • November 27, 2014
  • Last updated: 8:26am
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  1. News - Hong Kong - ECONOMY

    Spending by holiday visitors lags increase in arrivals

    Posted May 03rd 2013, 12:00am by Anita Lam, Celine Sun, Amy Nip

    ... Anita Lam, Celine Sun in Beijing and Amy Nip Spending by holiday visitors lags increase in arrivals This year's "golden week", a national holiday, lacked lustre, says the Hong Kong Retail Management Association, whose members run more than 6,700 retail outlets in the city. Retail sales grew about five per cent from last year during the mainland's three-day ...

  2. News - Hong Kong - ECONOMY

    Hong Kong's economy does not rely on mainland tourists, says financial secretary

    Posted Jun 16th 2014, 04:53am by Ernest Kao

    ... Ernest Kao ernest.kao@scmp.com Finance chief rejects as 'inconsistent with the facts' suggestion HK is too reliant on tourists Mainland visitor claim exaggerated, says Tsang The financial secretary brushed off as "exaggerated" and "inconsistent with the facts" suggestions the economy has become too reliant on mainland visitors. John Tsang Chun-wah, ...

  3. News - Hong Kong - ECONOMY

    Slump in luxury sales offers little hope rents will become affordable for small shop owners

    Posted Jun 04th 2014, 11:16pm by DENISE TANG

    ... for mainlanders in 2003 was coming to an end. Last year, 40 million mainland visitors came to Hong Kong, generating about a third of the city's retail sales. Their number has been forecast to hit 100 million by 2023, but the government is reportedly looking at reducing the number of mainland visitors by as much as 20 per cent. Shen attributed the lacklustre sales to a drop in mainland tourists ...

  4. News - Hong Kong - ECONOMY

    Impact from cutting number of mainland tourists ‘only short term’, says think tank

    Posted Jun 12th 2014, 07:18pm by Johnny Tam

    ... putting an ever-greater strain on the city. The debate about reducing mainland visitors has drawn fire from the business sector, with some saying any reduction would harm the city's economy. ... visitors," said Chong. "So the worst case of cutting the number of mainland tourists would be going back to that situation, which is actually not too bad."   ...

  5. Business - Economy - ECONOMY

    Retail sales in June increase 14.7pc

    Posted Aug 02nd 2013, 12:00am by TIFFANY AP

    ... to spending by mainland visitors. The outlook for July data is considerably lower than June as seasonal factors begin to influence spending patterns. Local consumer sentiment tends to sink during ... Tiffany Ap tiffany.ap@scmp.com Spending on luxury items by mainland tourists and locals lifts year-on-year take to HK$39.9b Retail sales in June increase 14.7pc Strong inbound tourism ...

  6. News - Hong Kong - ECONOMY

    Forecasts for Hong Kong growth downbeat

    Posted Aug 19th 2014, 04:18am by Arthur Chan

    ... in global demand, followed by a decrease in spending by mainland visitors and a headwind in the property market. A possible factor is the rumoured change in the individual visit scheme under which mainlanders can visit Hong Kong without joining a tour. Citi said such a curb on visits would "deal a further blow to retail sales and exports of services". ANZ's report says "the ...

  7. Business - Economy - ECONOMY

    Hong Kong furniture sales drop for third month as property market curbs hit

    Posted Jul 03rd 2013, 12:00am by Anita Lam

    ... cent for the year. But as the city's gold craze, which drove retail sales up by 21 per cent in April, has tapered off and growth in the number of mainland visitors has slowed to below 20 per cent in the first five months of the year, retailers were advised to be more prudent. Sales of alcohol and tobacco continued to shrink after the mainland government launched a clampdown ...

  8. Business - Economy - ECONOMY

    Taiwan unveils economic plan as Ma's popularity slumps

    Posted May 29th 2013, 12:00am by Bloomberg

    ... plans to revise capital-gains tax rules, give cash incentives to trade in old cars for new ones, simplify visa procedures for mainland visitors and set aside NT$400 million to subsidise ... with the United States and sought closer ties with mainland China to revive his economic agenda. Taiwan's exports fell last month for a second time in four months, while an index showed manufacturing ...

  9. News - Hong Kong - ECONOMY

    Hong Kong's GDP growth outlook revised down to 2.2pc

    Posted Oct 09th 2014, 04:02am by ELIZABETH CHEUNG

    ... Elizabeth Cheung elizabeth.cheung@scmp.com Low interest rates, weaker mainland economy expected to bite as consumer confidence wanes GDP growth outlook revised down to 2.2pc The University ... Hong Kong still lagging behind the mainland, Macau and Taiwan. In a report released yesterday, HKU researchers said the economy was expected to grow at a more modest rate due to the low ...

  10. News - Hong Kong - ECONOMY

    Hong Kong retail sales slump by 3.1pc in July as consumers scrimp on luxury

    Posted Aug 28th 2014, 05:54pm by Amy Nip

    ... Amy Nip amy.nip@scmp.com Takings for last month were down 3.1pc on last year as mainland graft drive continued to bite Retail sales still gloomy despite summer holiday The summer holidays ... The declines had sparked concerns that the city's retail industry was too geared towards mainland tourists; shops selling essentials had reported doing better than those offering the luxury goods ...




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