China shopping centers see mild recovery

Shopping malls in China experienced a modest recovery in the first half of 2026, with more than 70% of centers reporting an increase in visitor numbers. About 40% of companies reported a 5% to 10% rise in visitors over the first six months, alongside a 43.4% decline in online sales. Additionally, the occupancy rate in shopping centers increased, and retail sales grew by 2.7% year-on-year, according to the National Bureau of Statistics. This rebound occurs within the framework of China's 15th Five-Year Plan to boost consumption and enhance citizens' spending ability by providing high-quality goods and services.

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