Hong Kong February retail sales hit record plunge of 44%

Hong Kong's retail sales plummeted by the most on record in February as travel restrictions kept tourists away and residents took social-distancing measures as a way to contain the spread of the coronavirus.

Retail sales in February dropped by 44 percent from a year earlier, to 22.7 billion Hong Kong dollars (2.93 billion U.S. dollars), recording the 13th consecutive month of decline, government data showed on Tuesday.

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