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China's yuan policy holds out hope for HK retailers

Shoppers could return, with alternatives such as Japan and Malaysia more expensive now

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JUST WINDOW SHOPPING: Hong Kong retail sales tumbled 12.5% in the first quarter as visitor arrivals fell, the government said on Thursday, extending 2015's slump that has prompted a wave of luxury store closures.

Hong Kong

HONG Kong's embattled retailers are finally getting a break.

After mainland tourist arrivals plunged last year as policymakers devalued the yuan, foreign-exchange moves may now encourage shoppers back to the city by making alternatives such as Japan and Malaysia costlier