China Chinese Economy Gold Hong Kong Immigration National Day Retail Statistics tourism
Hong Kong retailers and caterers have seen an exceptional surge in business during mainland China’s National Day “golden week” break. Noteworthy figures show a substantial growth rate of up to 20 percent compared to the previous year. Industry leaders have disclosed that a single tourist made an astounding purchase of HK$1 million (US$128,500) on international brands. This news showcases the robust spending trends within the region’s retail and catering sectors. Stores specializing in gold, jewellery, and cosmetic items experienced remarkable success during the eight-day holiday period. Furthermore, traditional Hong Kong-style cafes, known as cha chaan teng, emerged as the preferred…
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