A few people are seen in a shopping mall in the Lujiazui financial district in Shanghai on February 5. Footfall at high-end shopping centres in Chengdu, Guangzhou and Shanghai had returned to, or exceeded, pre-pandemic levels by June, according to a study. Photo: Reuters A few people are seen in a shopping mall in the Lujiazui financial district in Shanghai on February 5. Footfall at high-end shopping centres in Chengdu, Guangzhou and Shanghai had returned to, or exceeded, pre-pandemic levels by June, according to a study. Photo: Reuters
A few people are seen in a shopping mall in the Lujiazui financial district in Shanghai on February 5. Footfall at high-end shopping centres in Chengdu, Guangzhou and Shanghai had returned to, or exceeded, pre-pandemic levels by June, according to a study. Photo: Reuters
Nicholas Spiro
Opinion

Opinion

The View by Nicholas Spiro

Why China’s commercial property market’s resilience amid the coronavirus pandemic shouldn’t be taken at face value

  • Transaction volumes in China’s commercial property market doubled year on year in the second quarter, raising questions about a hot investment market that shows no signs of adjusting to the severity of the Covid-19 shock

A few people are seen in a shopping mall in the Lujiazui financial district in Shanghai on February 5. Footfall at high-end shopping centres in Chengdu, Guangzhou and Shanghai had returned to, or exceeded, pre-pandemic levels by June, according to a study. Photo: Reuters A few people are seen in a shopping mall in the Lujiazui financial district in Shanghai on February 5. Footfall at high-end shopping centres in Chengdu, Guangzhou and Shanghai had returned to, or exceeded, pre-pandemic levels by June, according to a study. Photo: Reuters
A few people are seen in a shopping mall in the Lujiazui financial district in Shanghai on February 5. Footfall at high-end shopping centres in Chengdu, Guangzhou and Shanghai had returned to, or exceeded, pre-pandemic levels by June, according to a study. Photo: Reuters
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Nicholas Spiro

Nicholas Spiro

Nicholas Spiro is a partner at Lauressa Advisory, a specialist London-based real estate and macroeconomic advisory firm. He is an expert on advanced and emerging economies and a regular commentator on financial and macro-political developments.