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Article: DEVELOPERS SHOP FOR MALL SPACE IN BEIJING.
- Article from:
- AsiaPulse News
- Article date:
- March 21, 2007
CopyrightCOPYRIGHT 2007 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BEIJING, March 21 Asia Pulse - The capital has long been celebrated as China's hub of political, cultural and commercial activities, home to government buildings, office skyscrapers and historical monuments.
But now Beijing is gaining new fame as a shoppers' paradise, with numerous malls sprouting up across the city and more in the pipeline in the run-up to the Olympic Games.
"The number of malls will reach its peak by 2008, and the sector is entering a new period of development," said Dennis Luk, director of the retail department under Beijing Colliers International.
A 20-minute ride from the World Trade Centre, the central business district's ...