Here is a list of the day’s latest China real estate news collected from around the web:
- Apple Expanding China Retail by Opening Shops in Chengdu and Shenzhen
Job listings for Apple Retail store leader positions in Shenzhen and Chengdu hint at the company’s plan to expand its retail operations to new cities in China. In 2010, Apple reportedly revealed to its shareholders plans open a total of 25 brick-and-mortar stores over the course of two years.
- China Slowdown to End in Third Quarter, Survey Shows
China’s economic growth is likely to accelerate for the first time in seven quarters after banks’ reserve requirements were cut, buoying global expansion threatened by Greece’s possible exit from the euro. Third-quarter growth will rebound to 8.3 percent from 7.9 percent this quarter, according to the median estimate of 21 economists surveyed by Bloomberg News.
- Michael Kors Plans Doubling of Greater China Stores by Year End
Michael Kors Holdings Ltd. (KORS), the luxury-goods maker and retailer, aims to more than double its Greater China stores by the end of the year as the clothing market surges. Shops in China, Hong Kong, Macau and Taiwan will jump to 15 by the end of this year from seven now and may gain to more than 100 over the next three to five years, Chief Executive Officer John Idol said yesterday.
- CapitaLand Says Chongqing Government Backs Chao Tian Men Project
A consortium led by CapitaLand Ltd. (C31.SG) that is developing a S$4.3 billion mixed-use property project in the Chinese megacity of Chongqing has received backing from local government leaders, and is making planned progress on the development, the Singapore-based developer said Thursday.
Leave a Reply