Upgrading retail quality to promote domestic consumption
Dear Valued Client，
- The economic slowdown has pushed consumers to rein in spending and refocus on saving. This is mainly reflected in the slowing retail sales growth, especially basic consumption necessities such as flour, oil and sundries.
- Real estate enterprises have shifted from their original pursuit of scale and speed to focusing on their own development benefits and asset quality. Commercial real estate is mainly reflected in the slowing of new shopping mall supply and the reduction of scale. Urban renewal projects in core areas are favored by real estate enterprises because of their good locations, large catchment areas, and peoples’ emotional connection to the traditional city.