Hong Kong retail sales continue plunge in November as protests persist GlobeBusiness
. It was the tenth consecutive month of declines and compared with a revised 24.4 per cent drop in October, which was the steepest on record.
“The near-term outlook for the retail trade continues to hinge on how the local social incidents will evolve,” a government spokesman said. Hong Kong sank into recession for the first time in a decade in the third quarter, as the protests plunged the city into its worst crisis since it reverted from British to Chinese rule in 1997.
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