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Australia's retail sales saw a notable rise in November due to Black Friday, but forecasts indicate a steady chance of interest rate cuts.
German industrial orders and retail sales fell in November, sparking recession fears after minimal growth in Q3.
Hong Kong's retail sector faces challenges as sales decline for nine consecutive months, with a 7.3% drop in November amid changing consumer patterns.
China plans to subsidize smartphone purchases and expand trade-in programs to stimulate economic growth amid consumption challenges.
Hainan's duty-free spending dropped 29% in 2024, impacting luxury brands and posing challenges for China's tourism recovery.
Hong Kong reports a 7.3% year-on-year drop in retail sales for November, marking a ninth consecutive decline as economic challenges persist.
Holiday shopping soared in 2024, surpassing expectations and showcasing the strength and resilience of the US economy.
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