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The local retail industry has faced some difficult years in the rough-and-tumble environment, with the slump in the traditional luxury goods market particularly pronounced. The consumption power of Mainland consumers who propped up Hong Kong's luxury goods market appears to be vanishing, but the other side of the coin is their consumption preferences have shifted to the booming affordable luxury market. Can the city’s retail sales revive by adapting to the change?
The full version of the commentary is in Chinese only.