You are here

China's yuan policy holds out hope for HK retailers

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

BT_20160507_DNRETAIL7_2266247.jpg
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...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes