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Coronavirus: Hong Kong retail sales shrink 14 per cent in January, extending sector’s two-year decline that took hold during 2019 protests

Hong Kong’s two-year run of declining retail sales has extended into the first month of 2021, as the government pins the sector’s recovery on the success of the citywide Covid-19 vaccination programme.Retail sales were worth a total of HK$32.6 billion in January, according to provisional figures released by the Census and Statistics Department on Wednesday, a 13.6 per cent year-on-year drop.Reflected in two straight years of falling sales, the coronavirus pandemic has kept big-spending tourists…

Source: Coronavirus: Hong Kong retail sales shrink 14 per cent in January, extending sector’s two-year decline that took hold during 2019 protests

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