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Article: Developers shop for mall space in Beijing
- Article from:
- China Daily
- Article date:
- March 20, 2007
- Author:
CopyrightCopyright 2007 China Daily. Provided by ProQuest LLC. (Hide copyright information)
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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 Center, the central business
district's landmark building, is the recently opened 80,000-square-
meter mall, The Place.