Hong Kong Retail Sales Rose More Than Estimated

The video discusses the retail environment in Causeway Bay, Hong Kong, amidst ongoing protests. Despite concerns, retail sales rose by 1.4% in October, driven by electronics, particularly iPhone sales. However, local spending on clothing and footwear declined. Mainland Chinese shoppers continue to visit, though their spending on luxury items has decreased. Legal proceedings regarding protest-related roadblocks are ongoing.

What was the unexpected change in Hong Kong's retail sales in October during the protests?

• A decrease of 1.2%

• A decrease of 1.4%

• An increase of 1.4%

• No change

Which product category contributed significantly to the increase in retail sales in October?

• Clothing and footwear

• Luxury watches

• Electronics

• Jewelry

How did the protests affect the spending habits of mainland Chinese shoppers in Hong Kong?

• Increased spending on luxury items

• Decreased spending on luxury items

• No change in spending habits

• Increased spending on electronics

What was one reason for the decline in luxury spending by mainland Chinese shoppers?

• An increase in global market volatility

• A crackdown on lavish spending by the Chinese government

• A decrease in visitor numbers

• Protests in Hong Kong

What was the outcome of the court hearing regarding the protests?

• All injunctions were permitted

• All injunctions were denied

• One injunction was permitted, affecting roads around the main protest site

• No decision was made