By  on August 22, 2019

The situation in Hong Kong is developing into a crisis that may soon cause staff layoffs and store closures, the city’s retail association warned, sending out a call for landlords and the government to step in and provide relief measures.

In a statement released Thursday, the Hong Kong Retail Management Association said business volume has turned sharply since June, when the political protests began. It had already forecasted a double-digit drop for July and August, but it further revealed that most retailers have fallen more than 50 percent in sales since the beginning of August.

To continue reading this article...

load comments
blog comments powered by Disqus