Asian cities report beijing retail

| June 11, 2017

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Economic overview Retail sales in Beijing continued to increase, up by 5.6% year-on-year (YoY) to RMB525.7 billion in the first half of 2017. Online retail sales also continued to record strong growth momentum, registering a 15.4% YoY increase to RMB94.9 billion, and accounting for 18.1% of total retail sales during the same period. Supply and stock The first half of 2017 welcomed only two new projects. In addition, the market witnessed the conversion of a department store into a shopping mall. By the end of 1H/2017, total shopping mall stock increased to 8.9 million sq m, while department store stock declined to 2.1 million sq m. The new projects of the period included.

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