The Tamesis
Looking down at Xintandi in central Shanghai. Xintandi is a listed shopping and restaurant complex that has achieved great success in its interest in food and a good life. (Photography by Ryan Pyle/Corbis via Getty Images)
Corbis via Getty Images
How to increase China’s consumer spending as a share of GDP is a hot topic in the country and around the world. In this week’s financial report, Xintiandi, the developer chairman of one of China’s most iconic retail and commercial real estate projects, has aggravated the current consumer trends in the current consumer trends.
Shui, in a latest interim report released by a Hong Kong listed company on Wednesday, wrote in a recent interim report by a Hong Kong-listed company that diverting consumer attitudes and economic uncertainty has led to significant changes in China’s retail spending.
“The retail landscape in China is undergoing significant changes, with the economic outlook uncertain as consumer attitudes fluctuate as consumption is largely dominated by more valuable and experienced experiences at the price.”
“Domestic consumption is an important part of economic activity: “But because of weak consumer confidence, limiting growth. Therefore, stimulating domestic demand will continue to be a key task in the coming years. ”
China’s GDP growth is aimed at 4.5% in 2025 and 4.5% in 2025 as global trade restrictions and uncertainties on exports, manufacturing investment and labor demand. It pointed out: “In addition to short-term stimulus, China needs to rely more on household consumption as a growth engine. Continuous improvement of household consumption will require greater reform ambitions.”
Xintiandi opened in central Shanghai in 2001. Rather than demolishing the dilapidated buildings and building new apartments that will be sold out quickly, Shui On, principal architect Benjamin Wood preserved many of the original building materials from the area and turned them into a symbol of city visitors, viewing them millions every year. Retail tenants include dozens of global brands such as Lululemon and Salomon. Just this month, Italy’s Ludovico Martelli opened a dedicated Xintiandi store for its Marvis toothpaste. Marvis costs more than $10 for tube A.
Newly opened Marvis toothpaste store in Xintiandi, Shanghai.
Mavis
Lo noted in his notes that Shui On’s Xintiandi retail property benefits from the transformation of the consumer landscape. They were able to maintain high occupancy, averaged 94% in the first six months of the year, while scattered and sales grew 10.5% during that period. Investors have increased Shui’s share price by more than 7% over the past year.
Lo is a member of one of the most famous business families in Hong Kong. Success began with his father, Lo ying Shek, who launched the family’s original flagship Big Eagle as a real estate development company in 1963. The ambitious Vincent body was on the board of the Hong Kong-listed Big Hawks but snapped up alone in 1971, borrowing $100,000 from his father and HK$100,000 from his father. “I have made a lot of determination since I was a child,” his brother KS Lo told Forbes Asia in a 2010 interview.
Vincent arrived in mainland China in 1982 and soon after he established himself as “Mr. Shanghai”, a business advocate for the city. He publicly enjoyed Shui’s public buildings and materials in Hong Kong in 1997; real estate investment was eventually incorporated into the land in 2004, which was published in 2006. Today, he is worth $1.4 billion on Forbes’ real-time billionaire list.
