China's yuan policy holds out hope for HK retailers
Shoppers could return, with alternatives such as Japan and Malaysia more expensive now
Sat, May 07, 2016 - 5:50 AM
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'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...