Mall culture hits China – Ralph Jennings

From Asia Times (link):

The rise of the moneyed Chinese consumer may be old news. But the rise of consumers who insist on parking as close as possible to a doorway and who drink cappuccinos above a skating rink while their five-year-olds run circles around a potted palmetto has just started to hit commercial developers.

Shoppers who want more than to grab something, line up and pay for it got the attention of Singapore-based CapitaLand Retail Ltd in 2004, when the firm opened its flagship shopping mall, Raffles City Shanghai , a 40,000-square-meter highrise mall next to People’s Square in the core of China’s business capital. It cost CapitaLand Beijing, one in Tianjin and 21 anchored by in provincial capitals. They cover more than 1.1 million square meters, with assets worth about $1.1 billion.

February 24, 2006 12:57 PM
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