The Census and Statistics Department summarized the retail performance of Hong Kong in the first quarter of this year. The total value of retail sales from January to March rose by 14.3% year-on-year to reach 129.222 billion yuan. According to Zheng Weixiong, Chairman of the Hong Kong Retail Management Association, the figure for the first quarter was close to RMB 130 billion. It is nearing the return to the first quarter of the Year of Good Retailing. It is believed that Hong Kong’s overall retail sales performance this year is expected to return to the peak of RMB500 billion in 2013.
Ming Pao, 1973 days ago
Predicted: People and Culture