Hong Kong, January 2 (Xinhua) Hong Kong's retail trade is "red" with the gradual recovery of Hong Kong's economy. The turnover of a department store in Sha Tin 1st Rose 8% to 12% Year-on-year, with the expected rally to continue until the Lunar New Year, with a growth rate of 10% per cent a year. Lin Wenxian, managing director of Hong Kong's Yong-Wang department, said the total sales volume of the group was 13.3% per cent year-on-year and the average customer consumption increased by 3.6%, and the flow of people had increased by 10% in the past 3 days. It is reported that many enterprises in Hong Kong have announced a raise and bonuses in the new year. Analysts believe that the economic and retail industry into the New year will continue to be positive momentum, luxury sales will be the best.
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