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Hong Kong tourism, retail sales may not improve in November: Economist

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Pedestrians cross Russell Street in front of the Times Square shopping mall, operated by Wharf (Holdings) Ltd., in the Causeway Bay shopping district of Hong Kong, China.

Xaume Olleros | Bloomberg | Getty Images

Hong Kong’s tourist arrivals and retail sales figures are unlikely to be any better in November after their dismal showing in October, an economist said on Tuesday.

“It’s very hard to imagine that the retail sales numbers and tourist arrival numbers will be any better in November given how much of a step-up in protest and violence that happened during that time,” said Martin Rasmussen, China economist at Capital Economics.

Hong Kong, a former British colony that returned to Chinese…



Source cnbc.com

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