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Top 10 business news items in China in 2014 (8)

(People's Daily Online)    10:31, January 12, 2015

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8. Commercial real estate is oversupplied and needs transformation and upgrading.

Wanda Commercial Estate went public on the Hong Kong Exchanges (HKEX) on Dec. 23, 2014, marking the biggest initial public offerings in HKEX for the past three years.

Data show that more than 3500 shopping malls have opened and the number will reach 4000 in 2015. It is estimated that there will be 7000 shopping malls by 2025. Some areas will experience saturation in the field of commercial estate. Transformation and upgrading is now essential. 


(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Editor:Yuan Can,Yao Chun)

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