Going shopping: High consumer spending and online sales are rapidly reshaping the Asia Pacific retail sector
The Asia Pacific region is embracing shopping in a big way. Developers in Asia are building 65 percent to 70 percent of the world’s shopping malls currently under construction, and China alone is building about half of the new shopping malls in the world. To understand how remarkable this shopping spree is, it is instructive to look at what a change this is from longstanding Asian habits.