Sharp Drop In Retail Sales Hurts Hongkong Business Community

< p > according to the retail sales data released by the census and statistics department in April, total sales price is estimated at HK $38 billion 839 million, down 9.8% annually.

It was expected that the retail sales value of Hongkong would drop by nearly 4% in April, and the result was even worse, the biggest decline in five years.

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< p > from the data, the direct factor is the sale of jewelry, gold jewelry and luxury goods.

The industry believed that last April, a large number of "Chinese mother" took advantage of the international gold price plunging to grab gold. Last year, jewelry sales rose by nearly 7 in April last year. This year, because of the "Chinese mother" enthusiasm no longer, it was shown that the sales of jewelry and jewellery fell by nearly 4 in April.

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< p > the industry is pessimistic about the overall market outlook.

"A href=" //www.sjfzxm.com/news/index_c.asp, "Hongkong Retail Management Association" /a, "Mai JE," describes the data with "shock". She pointed out that in April, the number of mainland visitors still increased, so the decline in retail sales meant that the unit price of retailers decreased significantly.

Zhu Jiale, chairman of the Hong Kong and Kowloon electrical appliances Federation, said, "listen to some retailers saying that business seems to be weaker in May, and the overall retail sales in May will be even worse than in April."

Some shopkeepers in the media interview poured bitter water, saying that in April, the mainland customers fell 20%, and in May dropped 3.

Moreover, domestic anti corruption has reduced the number of gifts in the mainland, and the purchasing power of mainland customers has dropped from an average of HK $more than 20 thousand per person to HK $10 thousand per person.

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Less than P, investment bankers are busy analyzing retail stocks and falling a few points.

Liang Zhenying a, the chief executive of the Hongkong Special Administrative Region (/a) and the chief executive of the Special Administrative Region of the "/a" in the past, will discuss the reduction of free trade and ask "how to cut 20%?" this question is that the familiar retail stocks of the mainland residents such as Sasa, excellence, and Lufu jewelry have plummeted, and the big property stocks of times square have also turned to the bottom of the href=.

According to industry statistics, the cumulative decline in cosmetics and jewellery gold stocks fell from 6% to 42% early this year, with Sasa falling more than 42%.

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Shoppers, such as Tsim Sha Tsui, Mong Kok, Sheung Shui and other mainland tourists, who are more popular in the area, have come out to appeal to the SAR government to consider reducing the freedom of movement and "take the laxative" again, and everyone is going to collapse. "P"

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< p > recently, the voice of the Hong Kong opposition to the mainland's free movement and the adjustment of free travel has been clampant.

Under the pressure of public opinion, adjusting the free administrative policy has become an option for the SAR government to consider.

But what was unexpected was that the "mouth" was reduced by 20%, and nothing was done. Retail sales in April had dropped by nearly 10%.

Liang Zhenying reminded in advance of the April retail sales data that he hoped that after seeing the statistics, the relevant policies of mainland tourists to Hong Kong could be further discussed.

Liang Zhenying also pointed out that in the past week, there were different voices on the reduction of free trade in the community. We should express more opinions, including the impact on Hongkong's retail industry and economy, which is very helpful to the adjustment of Hongkong's tourism policy.

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< p > the relevant industries have begun to stand up against the reduction of freedom.

< a href= "//www.sjfzxm.com/news/index_c.asp" > "Mai JE June" /a said that from July to December last year, the retail sales in Hong Kong had only one digit growth per month, and the 3 consecutive month of negative growth has been very severe.

At this stage, it is impossible to assess the impact of the government's implementation of the 20% reduction in the mainland's free trade on the future of the retail industry.

She claims that the industry is opposed to "Hongkong is a free city. It should not be closed (free cutting) and selective picking of passengers".

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< p > for the negative effects of a few people in the previous stage, such as "locust driving", Tsutsui and other places to drag their suitcase, and to indulge in big fuss with the little boy, the industry that started to get rich is also starting to protest. "Most of the people who come to Hong Kong are high-end consumers. The most important thing is to make money comfortable. The result is not a protest or a protest.

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< p > UBS points out that the consumption volume of mainland passengers last year was HK $187 billion 900 million, assuming that the free trade volume was reduced by 20%, and the consumption volume was reduced by HK $20 billion, which means that retail sales in Hong Kong decreased by 4%.

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< p > earlier analysis said that one of the purposes of Liang Zhenying's free speech is to consider that everything must be paid for, and that it can not just consider the benefits.

Moreover, the voice of complaining about freedom is magnified, but the "silent majority" is silent. We must stimulate rational Hong Kong people and stakeholders to stand up and discuss the pros and cons of reduction.

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