Hong Kong’s retail sector suffered its biggest decline on record last year, with sales plunging by 24.3 per cent year on year. Photo: Winson Wong
Hong Kong budget: residents to receive HK$5,000 in digital vouchers in bid to boost local economy
- Government will distribute handouts via electronic platforms, with adult permanent residents and new arrivals getting HK$1,000 a month for five months
- But social-distancing rules could end up undermining the drive to get people out and spending, while others might be reluctant to spend big on meals given uncertain economic climate
Hong Kong’s retail sector suffered its biggest decline on record last year, with sales plunging by 24.3 per cent year on year. Photo: Winson Wong
