Hong Kong’s retail sales plummet 21 per cent in January as mainland visitors slow to a trickle amid coronavirus battle

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Hong Kong’s retail sector, battered by a steep drop in mainland tourists attributed to the coronavirus battle, plunged by 21.4 per cent year to year in January, with the government warning of dire repercussions to the overall economy and joblessnessThe decrease to HK$37.8 billion (US$4.8 billion) was even worse than December’s revised year-to-year drop of 19.4 per cent, the Census and Statistics Department said on Monday.A government spokesman noted that the sharp drop in retail sales continued…

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