Retail in Asia

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Japan’s Mitsui Fudosan to open more shopping malls in China from 2014

Mitsui Fudosan Co., Japan’s largest developer, plans to open more shopping centres in China as the company bets consumer spending will spur demand even as the government attempts to cool the housing market.

Mitsui Fudosan plans to build "several" shopping centres in cities including Beijing from 2014, after completing its first mall in Shanghai by 2013, said Takehito Fukui, a project manager of the retail properties division at Mitsui Fudosan. The plan will depend on the completion of the Shanghai project.

(Source: BusinessWeek)