Its closure reflects the city ... mall that stays unchanged for 20 years is typically doomed to fade away, said Yang Yuechen, head of research and consultancy for Shanghai and Beijing sites ...

Cash-strapped builder Parkview Group has until March 17 to avoid a potential default on a $940 million loan tied to a ...

Store closures are also hurting mall owners and undermining projections for an end to the multi-year property market slump.

Referred to as "emotional consumption" by industry analysts, this trend emphasizes mental satisfaction over functionality.