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Jan retail sales up 0.9%

The value of total retail sales in January, provisionally estimated at $36.5 billion, rose 0.9% compared with the same month in 2023, the Census & Statistics Department announced today.   After netting out the effect of price changes over the same period, the provisional estimate represents a 1.2% year-on-year decrease.   Of the total retail sales value in January, online sales accounted for 6.5%. Provisionally estimated at $2.4 billion, the value of this segment went down by 20.9% compared with a year earlier.   Noting that retail sales tend to show greater volatility in the first two months of a year due to the timing of the Lunar New Year, the department said the year-on-year comparison of the figures might have been affected to a certain extent.   The value of sales of jewellery, watches and clocks, and valuable gifts increased 25.2% compared with January 2023.   Increases were also recorded in the sales of other consumer goods not elsewhere classified (up 7

CE meets tech, culture officials

Chief Executive John Lee today called on the Ministry of Science & Technology and the Ministry of Culture & Tourism as he visited Beijing.

 

Meeting Minister of Science & Technology Yin Hejun, Mr Lee said the Hong Kong Special Administrative Region Government is moving full steam ahead with the development of the Northern Metropolis, a project which provides key impetus for the development of Hong Kong and the promotion of high-quality co-operation within the Greater Bay Area.

 

Mr Lee added that to leverage the advantages of both places, the Hong Kong SAR Government is working with the Shenzhen Municipal Government to develop the Hetao Shenzhen‑Hong Kong Science & Technology Innovation Co‑operation Zone.

 

He also told Mr Yin that he would look forward to working with the ministry to strengthen co-operation between the Mainland and Hong Kong, and to expedite the development of Hong Kong into an international innovation and technology centre.

 

He stressed that Hong Kong will capitalise on its unique advantages to establish a collaborative innovation platform, with a view to pooling global innovation resources and better integrating into the country’s overall development.

 

Mr Lee then had a meeting with Party Secretary of the Ministry of Culture & Tourism Sun Yeli. During the session, he said the upcoming priorities of the Hong Kong SAR Government include attracting more high value-added overnight visitors by tapping into new source markets, stimulating spending by visitors, and promoting the high-quality development of tourism overall.

 

The Chief Executive said that as a melting pot of Chinese and Western cultures and a highly internationalised city, Hong Kong will act to promote traditional Chinese culture.

 

Mr Lee will continue his visit tomorrow morning and return to Hong Kong in the afternoon.


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