Hong Kong retailers said on Tuesday they expect sales for July and August to dro...
FILE PHOTO: Pro-democracy protesters hold umbrellas inside a mall as they face the riot police after a march at Sha Tin District of East New Territories, in Hong Kong, China July 14, 2019. REUTERS/Tyrone Siu/File Photo
On top of that forecast, the Hong Kong Retail Management Association also sharply changed its full-year retail sales forecast to a double-digit fall instead of single-digit growth.Millions have taken to the streets over the past month in some of the largest and most violent protests in Hong Kong in decades over a bill that would allow people to be sent to mainland China for trial in courts controlled by the Communist Party.
“The industry is worried that the incident will hit Hong Kong’s international image as a safe city with good food and a shopping paradise,” the association said in a statement.
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