Asia's biggest mall owner unfazed by China stock rout

Manila

SM Investments Corp, Asia's largest mall owner by market value, is unfazed by China's slowing economic growth that's facing a new blow from a stock market rout.

"China will continue to grow, perhaps not at the pace the whole world was used to, but still grow at a pace better than many countries," Corazon Guidote, the company's Manila-based head of investor relations, said in response to questions. "The expected slowdown won't affect the expansion plans" of unit SM Prime Holdings Inc "nor its operating strategy in China", she said.