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Slump in Chinese Tourists Hitting Hong Kong Retail

A slump in Chinese tourists is hitting retail stores hard in Hong Kong where shopping malls have become reliant on the influx of wealthy travelers from the mainland since travel restrictions were lifted in 2003, allowing mainland tourists to travel independently to the former British colony. Mainland Chinese account for up to three-quarters of visitors to Hong Kong, but that number is falling, and shopping centers are struggling to "shift gears" and maintain sales. Sebastian...

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