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China Decoded: Hong Kong’s Retail Pain Persists

DeFi Daily News by DeFi Daily News
October 7, 2024
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China Decoded: Hong Kong’s Retail Pain Persists
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Hong Kong’s retail sector remains under pressure, with sales value falling for a sixth straight month in August. Bloomberg Intelligence says the slump may persist as an increase in mainland Chinese visitors is unlikely to offset a drop in local spending. Meanwhile, Lan Kwai Fong Group Chairman Allan Zeman says his properties have added a number of mainland brands as the city’s consumer landscape changes. He gives his take on Hong Kong’s consumer trends on “Bloomberg: The China Show.”
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Tags: Allan ZemanCatherine LimChinaChina EconomyConsumer Goods; RetailDavid InglesDecodedHongHong KongHong Kong economyKongsLan Kwai Fong Holdings Ltd.PainPersistsRetailYvonne Man
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