Chinese Malls Hit With Low Traffic, Rising Vacancies, Plunging Rent, Massive Overcapacity
MishTalk
OCTOBER 25, 2015
Rising vacancy rates and plummeting rents are increasingly common in Chinese malls and department stores, despite official data showing a sharp rebound in retail sales that helped the world's second-largest economy beat expectations in the third quarter. Major listed mall operators are also feeling the pain. That's the banks' problem."
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