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A jewellery shop in Hong Kong
Sorbis / Shutterstock.com
Retail sales in Hong Kong rebounded in April, buoyed by government-led consumption vouchers as well as the easing of Covid restrictions. Industry players however warn of further headwinds.
Overall sales were up 11.7 per cent year on year, with various categories registering double-digit growth. Sales of jewellery and other valuable gifts recorded a 13.9 per cent increase to HK$3 billion (around US$382.38 million). January to April jewellery sales meanwhile saw a 13 per cent year-on-year drop to HK$10.72 billion (around US$1.37 billion).
The government said sales recovered in April after two consecutive months of decline on the back of improving Covid situation in...
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