Hong Kong downturn tarnishes luxury sales
Figures show sales at slowest rate in almost three years due to lack of mainland tourists.
Published On 31 Jul 2012
Government figures show retail sales in Hong Kong have been growing at their slowest rate in almost three years.
The Chinese region has seen a major reduction in spending by tourists from mainland China who once flocked there to escape luxury taxes on imported goods such as clothes, cosmetics and jewelry.
Al Jazeera’s Stephanie Scawen reports from Hong Kong.
Source: Al Jazeera