retail sales

New Business

Hong Kong’s Gaw Capital buys central Tokyo shopping centre for more than US$1 billion

Gaw Capital, a Hong Kong private equity firm focused on real estate, completed the acquisition of a shopping centre in…

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New Business

Hong Kong developer Hang Lung diversifies amid consumer challenges

Weak consumer confidence in mainland China and Hong Kong is unlikely to improve any time soon, but Hang Lung Properties…

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New Business

Shanghai issues more consumption vouchers after shock fall in retail sales

Shanghai has announced plans to issue another round of consumption vouchers, as the Chinese metropolis tries to reverse a downturn…

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New Business

China’s property slump is not over yet with home sales, rents under pressure: Fitch

China’s property market downturn is likely to persist this year with slower home sales and construction activity, hobbled by “structural…

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New Business

China logs 5% GDP growth in 2024 as exports, stimulus provide year-end boost

China has reached its 2024 target for economic growth, recording a 5 per cent increase to its gross domestic product…

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New Business

China bond bonanza likely to continue into 2025; investors worried about economic strength

China’s bond market is likely to extend its bull run into next year, as the government is expected to be…

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New Business

Buy or wait? Chinese consumers bet on more subsidies to revive economy

There is a reason China’s business community is fretting. Retail sales have been sluggish this year as households lock up…

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New Business

Luckin Coffee’s entry into Hong Kong a sign of mainland Chinese brands’ growing dominance

Mainland Chinese brands are ramping up their presence in Hong Kong, using the city to test the waters before foraying…

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New Business

Policy support sees China’s tax revenue rise for second straight month

China’s tax revenue rose for the second straight month in November on the back of supportive domestic policies, while local…

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New Business

Breaking | China’s retail sales in November miss estimate at 3.0%

China’s consumption growth slowed in November, as did property investment, while the industrial sector showed limited signs of recovery, underscoring…

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