"Consumers will still have to keep their purses tight but are still willing to spend and invest in retail products with quality and price excellence, emotional value, and self-entertaining experience."

"While relatively low consumerconfidence and cautious retailersentiment are already seen on themarket, more headwinds areexpected in the Guangzhou retailproperty market. For example,some retailers who used tosplurge on occupying prime retailspaces at shopping centres tobuild/increase their brandawareness and marketpenetration have graduallystarted to review their storerelocation plans as analternative."

"While constantly remodelling leasing strategies has become almost mandatory to overcome the changing retail market, the light before dawn of increase in spending propensity and recovery of market confidence can be expected, as boosting consumption and expanding domestic demand will be one of top priorities for China’s economy in 2025."

"To attract more footfalls, more landlords replaced their  low-sales-per-square-foot brands with new brands already gaining popularity or with more affordable average order values. This works quite well at some malls on the back of the current economic environment and changing consumer behaviour."