Here is a list of the day’s latest China real estate news collected from around the web:
- Taubman Close to Deal to Develop First Chinese Mall Property
Taubman Centers Inc. (TCO), the U.S. luxury-mall owner, is close to announcing its first retail investment in China, Chairman and Chief Executive Officer Robert Taubman said. “The growth of retail, the growth of the consumer, is really on steroids in China,” he said today in an interview at the International Council of Shopping Centers real estate conference in Las Vegas. “We’re getting close to an announcement.”
- Angry Birds Land Coming To A China Near You
Rovio is not happy with the amount of world domination that it has enjoyed so far. Rovio wants to move into the lucrative land of China to try to tap into potentially vast sources of revenue. They will start with plans to build activity parks around China in the next few years as part of its global strategy. Also they will put large retail fronts in stores throughout China so people can buy officially licensed merchandise.
- China targets infrastructure to lift economy, report says
China will fast track approvals for infrastructure investment to combat a slowdown in the economy, a state-backed newspaper reported on Tuesday, showing how Premier Wen Jiabao’s call for policies to support growth is being put into action. The pace of investment in the likes of roads, bridges and real estate is running at its weakest in nearly a decade, April data showed, suggesting the world’s second-biggest economy is heading for a sixth straight quarter of slowing growth.
- Retail insights boost Samsung in China
Samsung, the electronics group, is aiming to strengthen its branded retail presence across China as a means of driving growth in the country. The firm first entered China in 1992, but during the last two years has rapidly built up its retail network, from Xinhui in the south to Mianyang in the west.
- Shanghai falls below Beijing in official city competitiveness ranking
Shanghai has dropped to fourth place on an official ranking of China’s most competitive cities, due to the weakening regional economy and the city’s overpopulation. The nation’s commercial and financial hub fell from second place to fourth place, putting it behind the capital Beijing for the first time.
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