Shops have resorted to heavy discounting to ease the drop in sales brought about by civil unrest in the city and the US-China trade war. Photo: Nora Tam

Hong Kong retail sales suffer worst decline on record amid anti-government protests and US-China trade war

  • Value of sales plunges 23 per cent to HK$29.4 billion in August, compared with same month last year
  • Government says year-on-year fall is steeper than the drop recorded during Asian Financial Crisis
Topic |   Hong Kong protests

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Shops have resorted to heavy discounting to ease the drop in sales brought about by civil unrest in the city and the US-China trade war. Photo: Nora Tam
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Denise Tsang

Denise Tsang

Denise Tsang is an award-winning journalist, with her career built on covering business and Hong Kong local news. She has won a number of regional and Hong Kong press awards and was a part-time lecturer on business journalism at Hong Kong Baptist University.

Danny Lee

Danny Lee

Danny joined the Post in 2013 as an intern before becoming a reporter on the City desk. He is an expert on aviation.