31 Dec 2019
In 2019, as ever, as the year end approached, retail sales peaked as shoppers made ready for Christmas and the New Year. With the festive buying period kicking off in November, the final two months of the year typically account for a considerable proportion of overall annual retail sales in a substantial number of economies. In light of this, many view the total sales recorded over this period as bellwethers of consumer demand in the individual markets and regional economies concerned.
The HKTDC Export Index plunged to 18.8 in 4Q19, a further drop and the lowest overall figure ever recorded by the Index. This can be taken as a strong indication that Hong Kong’s export growth will remain sluggish over the near-term.
Zhuhai’s Hengqin New Area has introduced a series of measures designed to help young entrepreneurs and start-up businesses from either Hong Kong or Macao relocate to the region in order to further their careers or fuel their future growth.
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