Urban Renewal

Urban population Rural population

Evolution of Urban Housing in China

1949- 1977： Housing allocated as welfare

1978-1993：Pilot phase of housing commercialization-rent increases，subsidies，and housing sales trials

1994-1998：End of housing allocations：shift to market-based mix of affordable and commercial housing

1999-20o6：Accelerated housing marketization

2007- present： Rising housing prices：efforts to strengthen housing security and develop long-term real estate mechanisms

Average Chinese Home in Numbers

41.76 m2 per person 3.2 rooms per household 111.18 m2 average household living space

*Per capita living space varies widelyacross regions.In places likeGuangdong，Shanghai，Hainan， andBeijing，householdstendto have relatively small living areas， with Guangdongaveragingjust 29.59 m2 per person，the lowest in the country.

Urban Housing Renovation

Over 30% of all urban housing consists of old residential communities built before 2000，which are now part of the government's latest urban renewal initiative

Shopping Malls in Numbers

6，000+ shopping malls across China as of 2024

Shoppers spend an average of 85 minutes per visit

Evolution of Average Daily Foot Traffic

Top 4 Most-Visited Mall Destinations

Three Next-Generation Malls to Visit

Daji Alley， Beijing

Opened this May，Daji Alley blends Ming-and Qing-era heritage buildings with modernshopping，dining，and community spaces. Shaped likea grand courtyard and steps from Beijing'scentral axis， itoffersauniquehistoricalandculturalexperience.

Deji Plaza， Nanjing

China's top-grossing mall in 2024，Deji Plaza，houses leading global luxury brands-butit'stheextravagantlythemed restroomsthat

made headlines.Each floor offersaunique design，from.cyberpunk to tropical garden，attracting curiouscrowds.

Wanjiali International Mall，Changsha

Oneoftheworld'slargestsingle buildings，Wanjialiboasts27floors aboveground，164elevators，andeighthelipads.Nicknamedthe“center oftheuniverse\"bylocals，itcombinescommerce，dining，hotels，offices， exhibitionspaces，andmuchmore.