BIZCHINA / Biz Media Digest |
Trade: HK retail sales fall in Jan(Shanghai Daily)Updated: 2007-03-02 15:20 Hong Kong's retail sales fell in January from a year earlier as the timing of the Lunar New Year holiday reduced demand for food, electronics and clothes. Sales by value declined 1.3 percent after jumping a revised 11.6 percent in
December, the government said yesterday on its Website. Hong Kong's jobless rate
is at a six-year low as the city benefits from proximity to China's mainland.
That's pushing wages and bonuses higher and boosting spending. Financial
Secretary Henry Tang gave consumption a boost on Wednesday by cutting taxes.
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