Hong Kong Consumer Electronics Q3 2019
Consumer electronics spending in Hong Kong is forecast to record modest growth over our medium-term forecastperiod to 2023, with the main opportunities being higher value replacement purchases as incomes rise, and the development ofnew product categories. Meanwhile, the core market is saturated, and faces longer replacement cycles in key categories likesmartphones and reduced visitor spending. Downside risks include a slowdown in China or negative spillover from a US-China tradewar that would weaken the domestic economic trajectory.
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