Hong Kong retail sales plunge by record 24.3 per cent amid pandemic in 2020, marking worst performance since records began

Hong Kong retail sales plunged by a record 24.3 per cent year on year for 2020, as the coronavirus pandemic dampened consumer sentiment and kept big-spending tourists away.Provisional figures released by the Census and Statistics Department on Tuesday showed the worst performance for the sector since records began in 2004, and a much bigger decline than the previous record slump of 11.1 per cent for 2019.For 2020 as a whole, total retail sales came in at HK$326.5 billion (US$42.11 billion), a…

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