"It is worth noting that this covers the 'prime-prime' segment of most major property sectors in key cities around the region and should not be confused with the market overall, particularly when comparing market cycles."

"It is worth noting that this covers the 'prime-prime' segment of most major property sectors in key cities around the region and should not be confused with the market overall, particularly when comparing market cycles.   "

"While China’s retail market was heavily impacted by the outbreak of COVID-19 in Q1/2020, the market has steadily recovered. According to eMarketer, retail sales are forecast to reach USD5.2 trillion for the full year 2020, making it the largest consumer market in the world."

"China is the second-largest retail market in the world.  Global retailers are going to need to pay much more attention to the changes in consumption patterns and innovations that are originating in China. The market will likely become even more competitive as domestic brands continue to grow and mature and learn from overseas experiences before bringing back their new retail know-how and combining it with their innate China knowledge."

"Mall owners continued to enhance their entertainment offerings. A look at tenant changes that occurred in 70 shopping malls throughout Shanghai in 2018 indicates that leisure and entertainment tenants have increased their shares in various retail areas and floors within the mall."

"Shanghai and Beijing continue to lead Savills retailer index ranking in 2018, while Hangzhou and Changsha have both made a big move up. Looking ahead, diverging levels of maturity between different regions and the emergence of new retail technology is expected to bring new dynamics to the retail market."