Chinese Malls Hit With Low Traffic, Rising Vacancies, Plunging Rent, Massive Overcapacity
MishTalk
OCTOBER 25, 2015
Less foot traffic means cash flow of mall owners and developers are getting squeezed - a potential hazard for an economy growing at its slowest pace in decades. Major listed mall operators are also feeling the pain. Such development adds to GDP. Malaysia-based Parkson (3368.HK), Rather China has overbuilt.
Let's personalize your content