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BUSINESS & TECH

Hong Kong Retail to Sell Well In Next Five Years, PwC Says

Signs plastered along a traditional shopping district in Hong Kong advertise retail space available for lease in July 2016. PricewaterhouseCoopers estimates that Hong Kong’s retail sales rose 3% in 2017, marking a recovery from three years of recession. Photo: IC
Signs plastered along a traditional shopping district in Hong Kong advertise retail space available for lease in July 2016. PricewaterhouseCoopers estimates that Hong Kong’s retail sales rose 3% in 2017, marking a recovery from three years of recession. Photo: IC

After three years of recession, PricewaterhouseCoopers (PwC) says Hong Kong’s retail industry rebounded in 2017, and the consultancy expects it will perform well over the next five years.

Given that sales increased 1.8% in the first 11 months of 2017, according to official data, PwC said the figure for the whole year will be around 3% as shopping traditionally spikes around the end of the year.

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