HONG KONG -- Retail sales in Hong Kong fell for the 12th straight month in February, underscoring the plight of merchants and hotels as local residents flock across the border to Shenzhen while mainland travelers rein in spending in the city.
Retail
Hong Kong retail sales fall 12 straight months as Shenzhen rivalry stings
February figure sinks 13% as locals cross border and mainland visitors spend less
Hong Kong's K11 Musea shopping mall. The city's retail market has been mired in a lengthy slump. © Reuters
