Japanese media report Chinese high-end malls expanding amid consumer downturn—whose support is sustaining them?

Japanese media report that high-end shopping mall operators in China are expanding despite broader retail market weakness, with luxury sales remaining robust. These malls are adapting to evolving consumer trends by introducing new tenants and innovative formats, aiming to draw more customers back to physical shopping.

Developers such as Henderson Land have launched new projects in cities like Wuxi and added flexible spaces such as pop-up stores. While overall consumer spending remains under pressure, the purchasing power of high-net-worth individuals for luxury goods has not diminished, prompting international luxury brands to continue active expansion in China, fueling sustained growth in premium commercial real estate.

Original article: toutiao.com/article/1877672085392384/

Disclaimer: The views expressed in this article are those of the author alone.