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BUSINESS GOVirtual Expo & Conference 2022

BUSINESS GOVirtual Expo & Conference (BUSINESS GOVirtual), the Hong Kong's first physical B2B "Tech x Business" event in the post-pandemic period, gathers leading IT companies and solutions providers under one roof to demonstrate their latest technologies. It is also the platform where showcases the key technological advancements for social and business engagement in the new digital era. The development of the Greater Bay Area is accorded the status of critical strategic planning in the Chinese government's blueprint, with great significance in China's initiative on innovation-driven development. Strategically held in Hong Kong, the international innovation and technology hub, BUSINESS GOVirtual serves as a communication platform for tech companies to exchange ideas, collaborate and foster partnerships. On top of the physical event, the brand new "GOVirtual OMNI," an online platform for the Expo and Conference, welcomes regional exhibitors and visito

December retail sales up 6.2%

The value of total retail sales in December, provisionally estimated at $33.3 billion, rose 6.2% compared with the same month in 2020, the Census & Statistics Department announced today.   Of the total retail sales value in December, online sales accounted for 10.8%. Provisionally estimated at $3.6 billion, the value of online retail sales increased 31.5% year-on-year.   After netting out the effect of price changes over the same period, the provisional estimate of the volume of total retail sales for the month increased 3.4% compared with a year earlier.   The value of sales of electrical goods and other consumer durable goods, not elsewhere classified increased 5.5%.   This was followed by sales of jewellery, watches and clocks, and valuable gifts (+24% in value); other consumer goods, not elsewhere classified (+10.8%); commodities in department stores (+2.5%); wearing apparel (+12%); medicines and cosmetics (+9.7%); motor vehicles and parts (+8.7%); fuels (+18.4%); footwear, allied products and other clothing accessories (+15.5%); Chinese drugs and herbs (+4.7%); books, newspapers, stationery and gifts (+7.8%); and optical shops (+25.1%).   The value of sales of commodities in supermarkets decreased 6.8% for the period, followed by sales of food, alcoholic drinks and tobacco (-3% in value); and furniture and fixtures (-4.1%).   The Government said that the value of total retail sales increased further by 6.2% year-on-year in December along with the continued economic recovery, though the growth pace moderated somewhat from the preceding month. For 2021 as a whole, total retail sales value rose 8.1% but was still 27.2% below the level in 2018 before the recession as tourism stayed at a standstill.   Looking ahead, the Government noted that the latest wave of the local epidemic and tightened anti-epidemic measures have weighed on consumption sentiment and posed renewed pressures on the retail sector.   It is essential for the community to work together with the Government to contain the epidemic as soon as possible to create conditions for the continued revival of retail business and the overall economy, it added.
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