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Mall-owner Taubman invests in China's second-tier cities

Thursday, October 15, 2015 - 05:50

Hong Kong

US mall-owner Taubman Centers Inc is bypassing Beijing and Shanghai, instead building its first two Chinese shopping malls in the second-tier cities of Xian and Zhengzhou because the potential returns are higher, Asia president Rene Tremblay said.

Taubman is investing in

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