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Hong Kong Suffers Steep 21% Plunge in January Retail Sales

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Already hit by a dismal selling environment driven by months of social unrest, Hong Kong’s January retail sales plummeted 21.4 percent as coronavirus fears kept residents home. Total retail sales in January were estimated at 37.8 billion Hong Kong dollars ($4.86 billion), while the volume of total retail sales–the number of units sold–fell by 23 percent….

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