HONG KONG Hong Kong's long recession showed signs of easing in the third quarter, with a gradual improvement in domestic and external demand from an improving Chinese economy, an easing of the COVID-19 outbreak and stronger financial market activity.
HONG KONG, Sept 10 The United States consulate
in Hong Kong has sold a property used as staff accommodation for
HK$2.57 billion ($331 million) via a public tender, a price
analysts said was in the low range of estimates.
* July retail sales value slides 23.1% y/y, 18th month of
HONG KONG Hong Kong's retail sales plunged 24.8% in June from a year earlier, falling for the 17th consecutive month as the coronavirus pandemic slammed the brakes on tourism and spending in the city.
* June retail sales value drops 24.8% y/y, 17th month of
HONG KONG Hong Kong's long recession showed some signs of easing in the second quarter as coronavirus restrictions were lifted, but a quick recovery is now in doubt as a fresh wave of infections prompt the government to impose tough new health measures.
HONG KONG Hong Kong's Education Bureau on Friday announced the suspension of all schools from Monday after a sharp rise in locally transmitted coronavirus cases fuelled fears of renewed community spread.
HONG KONG Hong Kong's retail sales in May slumped 32.8% from a year earlier, falling for the 16th consecutive month as the virus pandemic slammed the brakes on tourism and spending in the city.
HONG KONG Hong Kong passed a bill on Thursday that would criminalise disrespect of China's national anthem, a move critics see as the latest sign of Beijing's tightening grip on the semi-autonomous city. | Video