Hong Kong June retail sales slide, government says protests dent business

  • 📰 Reuters
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 97%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Hong Kong retail sales, a key part of the city's economy, felt a growing im...

HONG KONG - Hong Kong retail sales, a key part of the city’s economy, felt a growing impact in June from mass protests, government data showed on Thursday.

Protests against a proposed extradition law began in late April and widened in June, though they remained peaceful until July, when there was violence at some demonstrations. “The near-term performance of retail sales will likely remain subdued, as the weakened global and local economic outlook and other headwinds continue to weigh on consumption sentiment,” a government spokesman said after release of the June retail data.

On Wednesday, Hong Kong reported its economy had 0.6% annual growth in the second quarter, below the average forecast of 1.6% from five economists. Tourism, especially from mainland China, has dropped markedly. Britain, Japan, Singapore and others have issued travel alerts. [nL4N24V2LB}

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

While I certainly applaud your striving for independence, I fear for your lives. China does not suffer any threats. Where are your weapons for war. They will mow you down like dogs!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in CA

Canada Canada Latest News, Canada Canada Headlines