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Hong Kong economy’s ‘mixed signals’ portend retail-sector ‘turbulence’, analysts say

Cs news2 months ago04 mins

Hong Kong’s retail industry will experience mixed fortunes in coming months, as rising unemployment threatens to dent consumer spending even as the economy and household incomes improve and tourist numbers surge, according to CBRE. “Right now, there is positive news and negative news in the market,” said Lawrence Wan, senior director and head of advisory…

Hong Kong economy’s ‘mixed signals’ portend retail-sector ‘turbulence’, analysts say

Cs news2 months ago04 mins

Hong Kong’s retail industry will experience mixed fortunes in coming months, as rising unemployment threatens to dent consumer spending even as the economy and household incomes improve and tourist numbers surge, according to CBRE. “Right now, there is positive news and negative news in the market,” said Lawrence Wan, senior director and head of advisory…

Hong Kong jewellers weigh reducing US exposure, relocating amid Trump’s tariffs

Cs news5 months ago02 mins

Hong Kong jewellers will be forced to reduce their exposure to the US, scale back operations, relocate production or even close down, as American President Donald Trump’s decision to impose tariffs on Chinese exports raises levies to as much as 60 per cent, industry leaders have said. The latest tariffs of 34 per cent on…

China school demands parents sign up for physical discipline or pupils face forced transfer

Cs news7 months ago02 mins

A privately-run school in southern China has come under fire for ordering parents to sign up to rules approving the use of corporal punishment on students. Longyuan Experimental School in Yangjiang, Guangdong province, was exposed in mid-February for asking the parents of its students to give consent for punishment measures including whipping hands and standing…

Fosun’s Jewellery Unit Shanghai Yuyuan Considers Second Listing in Hong Kong

Cs news8 months ago04 mins

Shanghai Yuyuan Tourist Mart Group Co., which has operations spanning jewelry stores to cultural sites, is contemplating a second listing in Hong Kong, according to people familiar with the matter. The company, already listed in Shanghai, may seek to raise more than $300 million in an offering, the people said, asking not to be identified…

Hong Kong retail sales fall for 8 straight months, with 2.9% year-on-year drop in October

Cs news10 months ago02 mins

Retail sales in Hong Kong dropped for the eighth month straight in October, falling by 2.9 per cent year on year, even as authorities have expressed optimism that spending will increase with the resumption of multiple-entry visas for Shenzhen residents. Provisional estimates from the Census and Statistics Department on Friday put the total value of…

Man pays China lover to burn old marital bed in ‘new-start ritual’, then she vanishes

Cs news10 months ago01 mins

A man in China was told by his fiancée that he needed to burn the “marriage bed” of her and her ex-husband so that they could get married, but it turned out to be a scam. The man from northern China’s Tianjin municipality, surnamed Wang, met his girlfriend surnamed Li on an online dating platform….