Recording a 12.5% year-on-year drop in retail sales in Q1 2016, Hong Kong’s retail industry is evidently catching a downturn in a lackluster market. Some suggests that technology may be an exit for Hong Kong’s retail. If big data, the internet of things and innovative technologies are embraced, new business opportunities may emerge in the traditional retail industry.
As US rate hike has so far remained all talk but no action, every move in this regard will immediately attract global attention. Shek Kang-cheun, Associate Publisher and Head of Research Department of Hong Kong Economic Times, has his opinions on the key behind a US rate hike.