The Di Mei shopping centre in downtown Shanghai is located in one of the most shopping-mad cities in China, and yet it is run down and starved of customers. Photo: Reuters
Chinese malls face tough times despite rising consumption
Rising vacancy rates and falling rents are increasingly common in mainland Chinese malls as shoppers stay home amid a slowing economy and rise in online shopping
The Di Mei shopping centre in downtown Shanghai is located in one of the most shopping-mad cities in China, and yet it is run down and starved of customers. Photo: Reuters