Hongkong Retail Association Lowers Annual Sales Growth

< p > > the world's < a target= "_blank" href= "http://www.91se91.com/" > clothing < /a > a target= "_blank" href= "_blank" > shoes < < hat net "Xiaobian introduced to you is Hongkong retail association to reduce annual sales growth to 5%.

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Retail sales of P < < a href= "http://www.91se91.com/news/index_p.asp" > Hongkong < /a > fell for three consecutive months. The chairman of the Retail Management Association, MAE Lai hung, said that the free travel to Hong Kong and the consumption intention declined. The annual growth is forecast to be reduced to 5% from the original expected maximum of 12%.

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< p > Hongkong's retail sales plunged 9.8% in April, the biggest decline in 5 years.

Because the number of free pedestrians in the May 1 Golden Week and Dragon Boat Festival has dropped, the retail sales value in May is also expected to be roughly the same as in April.

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P, the chairman of the Retail Management Association, said that if the annual retail sales value could increase by 5%, it would be better or lower.

"All the data tell us that free regulation has already been made, and that free regulation in the free market has made the retail industry slide.

At the end of last year and the beginning of this year, the forecast of our retail management association increased by 9% to 12%. Before we lowered it to 7%, I believe that it is unlikely that even if the growth is substantial in the second half of this year, the base in the second half of last year will be lower. It is unlikely that the annual data will be increased by half a year. If there is 5%, we will feel that there is growth.

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< p > Mai also said that Hongkong's a href= "http://www.91se91.com/news/index_c.asp" > retail trade < /a > is not as aggressive as before, especially relying on free travellers.

At the same time, the Retail Management Association pointed out that it was opposed to any form of restriction on free trade.

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