HEAVY TOLL ON RETAILING SECTOR
The prolonged unrest has also dealt a heavy below to Hong Kong's retail sector.
The HKSAR government's Census and Statistics Department said Wednesday that Hong Kong's total retail sales dropped by 23 percent in August from a year earlier.
This is the steepest year-on-year decline for a single month on record, said a government spokesperson, adding that the impact is even worse than that during the Asian financial crisis in 1998.
Compared with last August, the number of overnight visitors decreased by nearly half, leading to a sharp drop in the sales of retail goods, including jewelery, watches and clocks, and medicines and cosmetics, said Annie Yau Tse, chairwoman of Hong Kong Retail Management Association (HKRMA).
To Kwa Wan in Kowloon, a well-preserved community that used to be packed with visitors recently saw few tourist coaches. At about 1 p.m. in a restaurant which used to be bustling with tour groups, only a handful of customers are dining inside. The chocolate store next door, whose products used to be snapped up by mainland visitors as gifts, was also empty.
"Our business has been poor since June," said a salesperson. "Sometimes when there were few customers, we were asked to take a leave, without pay."
The owner of a pharmacy in the Man Lok Street, who declined to be named, said that fewer visitors came after a mainland journalist was assaulted by rioters in August.
"Our sales was just about 10 percent of that last year," he said. Closing time of the store used to be 5 p.m. To save electricity cost, now he pulls down the shutter earlier.
Many retailers told Xinhua they did not expect the National Day holiday to reverse the trend.
At the West Kowloon high-speed railway station, long queues were not seen these days. In an accessory store inside the station, a shopping guide surnamed Cheung had been leaning against the counter for a long time.
"It's been like this for days, and few customers came in," she said, adding that monthly sales since August have fallen by half compared with a few months ago, not to mention the previous "Golden Week," when the newly-commissioned high-speed rail link between the mainland and Hong Kong attracted over 78,000 travelers on Oct. 1, 2018.
Statistics from the Immigration Department show that tourist arrivals at the West Kowloon high-speed railway station dropped by more than half on the National Day from a year earlier.
The bleak sales has made Cheung laden with anxiety. "If the situation continues, we could be fired. And it's hard to find another job elsewhere as almost every industry in Hong Kong is suffering."
