Hong Kong retail sales rise 7.3 per cent as e-voucher scheme boosts spending

Hong Kong’s retail sales in September shot up 7.3 per cent year on year, continuing an upwards trajectory fuelled by a HK$36 billion (US$4.6 billion) digital voucher scheme aimed at boosting consumer spending.Provisional figures released by the Census and Statistics Department on Tuesday showed sales for the month jumped to HK$28 billion.A government spokesman said consumer confidence had been boosted by the scheme, which has granted each eligible Hong Kong resident HK$5,000 worth of e-vouchers…

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