The impact of the extradition bill protests are now being felt in the retail sector. Photo: Xiaomei Chen

Hong Kong protests hit city where it hurts – in the wallet

  • Analysts say extradition bill protests have soured our appetite for spending, and escalation could hit city hard
  • Still licking its wounds from the US-China trade war, retail sales suffer as senior economist paints gloomy picture of future
Topic |   Hong Kong extradition law

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The impact of the extradition bill protests are now being felt in the retail sector. Photo: Xiaomei Chen
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Uncertainties remain for the retail sector in Hong Kong. Photo: Xiaomei Chen

Hong Kong retail sales in May fall for fourth month in row despite surge in mainland Chinese visitors for Labour Day holiday

  • Estimated year-on-year figure dropped 1.3 per cent to HK$40 billion, an improvement on 4.5 per cent decline in April
  • Trouble over contentious extradition bill and ongoing US-China trade war also take toll
Topic |   Retailing

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Uncertainties remain for the retail sector in Hong Kong. Photo: Xiaomei Chen
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