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Hong Kong’s Retail Sales Post Surprise Drop in November

Hong Kong’s retail landlords are bracing for a further squeeze on the lowest rents in more than a decade as tenants seek relief in the aftermath of the city’s worst Covid outbreak.
Hong Kong's retail sales value fell 4.2 percent from a year ago, the Census and Statistics Department said Wednesday. (Shutterstock)

Hong Kong’s retail sales unexpectedly dropped in November by the most in eight months as the city struggled to shake off the lingering effects of its pandemic-era controls and a slowing global economy.

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