Consumers shop at Causeway Bay on the last day of the Lunar New Year holiday. Photo: Sam Tsang
Consumers shop at Causeway Bay on the last day of the Lunar New Year holiday. Photo: Sam Tsang

Opening of borders with mainland China no silver bullet for Hong Kong’s retail sector, economists say

  • Immigration data shows net outflow of 395,619 people between January 8, when quarantine-free travel with the mainland resumed, and Tuesday
  • Growth in retail sales predicted but not as big an increase as hoped, as residents account for most foot traffic and spending in city’s malls

Consumers shop at Causeway Bay on the last day of the Lunar New Year holiday. Photo: Sam Tsang
Consumers shop at Causeway Bay on the last day of the Lunar New Year holiday. Photo: Sam Tsang
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