Officials say high office vacancy rates are only "temporary" and time is needed for fresh capital to digest the supply. Photo: Sandy Li Officials say high office vacancy rates are only "temporary" and time is needed for fresh capital to digest the supply. Photo: Sandy Li
Officials say high office vacancy rates are only "temporary" and time is needed for fresh capital to digest the supply. Photo: Sandy Li
Daniel Ren
Opinion

Opinion

Daniel Ren

Empty office buildings point to deeper malaise in China's wealthiest region

Authorities built waves of new towns believing demand would continue unchecked for decades

Officials say high office vacancy rates are only "temporary" and time is needed for fresh capital to digest the supply. Photo: Sandy Li Officials say high office vacancy rates are only "temporary" and time is needed for fresh capital to digest the supply. Photo: Sandy Li
Officials say high office vacancy rates are only "temporary" and time is needed for fresh capital to digest the supply. Photo: Sandy Li
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Daniel Ren

Daniel Ren

Daniel Ren is the SCMP's Shanghai bureau chief. A Shanghai native, Daniel joined the SCMP in 2007 as a Business reporter.