The number of shopping centres in Foshan, a city of seven million, is expected to exceed that of Guangzhou by 2017. Photo: Bloomberg
Property /  Hong Kong & China

Flood of new retail centres set to hit mainland China's second-tier cities

Many second-tier cities face an oversupply of shopping malls due to heavy urban planning

Peggy Sito
Peggy Sito

Updated: 12:32pm, 15 Dec, 2014

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The number of shopping centres in Foshan, a city of seven million, is expected to exceed that of Guangzhou by 2017. Photo: Bloomberg
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Peggy Sito

Peggy Sito

Peggy Sito is the deputy business editor at the Post. She was previously editor on the property desk and has won various news awards from the Hong Kong Consumer Council, the Newspaper Society of Hong Kong and the Society of Publishers in Asia.