【Wealthy CityLinkers】Fevering Foreign Trade, Floundering Retail: Mixue Ice Cream & Tea Reflects Hong Kong’s “Dual-Track Economy” Phenomenon

Hong Kong's economy now exhibits a clear "dual-track" phenomenon. According to the latest data from the Census and Statistics Department, in May this year, total export value increased by 40.8% year-on-year to HKD 611.2 billion, while import value rose by 42% to HKD 655.4 billion. Among these, exports to certain Asian markets recorded significant growth. However, the local consumer market remained relatively moderate: in May, total retail sales value increased by 7.9% year-on-year to HKD 33.8 billion; in the first quarter of this year, total restaurant receipts value rose by 1.1% year-on-year to HKD 28.4 billion.
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