Testing times ahead for stores in Hong Kong
By Emma Dai | China Daily | Updated: 2014-07-05 06:40
Lower spending by visitors from mainland puts brakes on sector
Hong Kong's retail sales fell 4.1 percent year-on-year in May to HK$39 billion ($5 billion), the fourth consecutive month of decline.
Market insiders cited shifting shopping habits of mainland tourists as a reason for the decline.
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