Skip to navigationSkip to content

Luxury sales in Hong Kong fell as Chinese shoppers curb spending

Published Last updated This article is more than 2 years old.

A link from Bloomberg

Retails sales in Hong Kong grew more slowly than expected in August as Chinese visitors cut spending on luxury goods. Sales rose 4.5 percent to HK$35.8 billion ($4.6 billion), after a 3.9 percent gain in July, the government said. Hong Kong, with its lower taxes than on the mainland, attracts Chinese tourists. This year retail sales grew at their slowest rate since the start of the global financial crisis.

📬 Kick off each morning with coffee and the Daily Brief (BYO coffee).

By providing your email, you agree to the Quartz Privacy Policy.