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Data released last weekend said there is 1.6% decline in Chinese imports in May, which is taken as a signal of slowing demand by economists On the other hand, Hong Kong has a 9.8% year-on-year decline in retail sales in May, which is a twice drop than economists estimated. Mainly attributed from jewelry, watches, clocks, and other precious gift sales decline, because these goods sales fell reach to 39.9% year-on-year decline. Hong Kong's retail sales are seen as a good representative indicator of consumer spending in China, many luxury goods sales in the city are driven by visitors from the mainland. Italian luxury-goods giant Prada released the earnings last week that disappointed the investors, partly because of Asia-pacific region sales fell sharply. Consumer edge research report pointed out Consumer goods will be the most affected companies: cosmetic products giant Procter & Gamble Company has 8% of its sales come from Chinese market, while 8% of the total sales revenue does not seem to be too many, but as the slow growth in global market, it is enough to lead to the r FAG HCS71916C.T.P4S.UL| FAG HCS71913E.T.P4S.UL | FAG HCS71914C.T.P4S.UL | FAG HCS71912E.T.P4S.UL | FAG HCS71911E.T.P4S.UL | FAG HCS7010C.T.P4S.UL | FAG HCS71906E.T.P4S.UL | FAG HCS7008C.T.P4S.UL | FAG HCS71906C.T.P4S.UL | FAG HCS71905E.T.P4S.UL |
