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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

CS concludes GBA visit

Chief Secretary Chan Kwok-ki today visited Shenzhen, the last stop of his three-day trip to the Greater Bay Area.

 

In the morning, Mr Chan toured the Vocational & Professional Education Services (Shenzhen) Company (VPES) - the Hong Kong Vocational Training Council's (VTC) first Mainland operation centre, where he received a briefing on its operations. He also spoke to VTC students and those attending Shenzhen Polytechnic University to learn about their joint scientific research projects.

 

During the session, Mr Chan was pleased to learn that VPES seeks to help more Hong Kong young people understand the country’s development, and at the same time endeavour to enable Mainland young people to learn about vocational training as well as different progression pathways in Hong Kong.

 

Afterwards, the Chief Secretary called on CPC Shenzhen Municipal Committee Secretary Meng Fanli and Shenzhen Mayor Qin Weizhong to discuss issues of mutual concern.

 

Mr Chan noted that Hong Kong and Shenzhen have been expediting the development of a co-operation zone in Hetao, adding that both cities will also fully leverage their “dual engine” roles to drive Qianhai development.

 

He also told the Shenzhen officials that Hong Kong will steadfastly implement the Northern Metropolis Action Agenda, with a view to achieving deeper integration with the planning of Shenzhen and other bay area cities, whilst enhancing Hong Kong’s integration into the national development.

 

Reiterating that Hong Kong will fully capitalise on its advantages under “one country, two systems”, Mr Chan added that he looked forward to Hong Kong and Shenzhen’s continued pursuit of deeper and higher-level co-operation to foster the bay area’s high-quality development.

 

Before heading back to Hong Kong, Mr Chan stopped by The University of Hong Kong-Shenzhen Hospital where he said he looked forward to the continued and steadfast implementation of the Framework Agreement on Medical Collaboration between Shenzhen and Hong Kong signed in September last year, to facilitate the flow of talent, medicine, medical devices and healthcare services as well as underpin the important national strategy of “Healthy China”.

 

Wrapping up his three-day visit to Guangzhou, Huizhou and Shenzhen, the Chief Secretary expressed confidence that the governments of bay area cities would make new contributions to the high-quality development of the Greater Bay Area and the country at large.


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