Property News · July 11, 2017

China has room for four times more outlet malls, says industry leader


China’s major outlet store developer and operator Beijing Capital Juda, which is backed by Sino-Ocean Group and KKR, said it would have opened 20 malls by 2020, as the country could accommodate another 150 outlets.
“By our calculation, there are about 50 standard outlets opened in China, compared to nearly 300 outlets in the US. We see great potential in the China’s market,” said Bryan Feng, chief executive officer of Beijing Capital Juda.
“We believe the market…

Source : South China Morning Post
Read more…China has room for four times more outlet malls, says industry leader

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