Chinese Malls Waive Rents as Vacancies of 30% Loom

Chinese Malls Waive Rents as Vacancies of 30% Loom

Tomohiro Ohsumi/Bloomberg

A woman shops inside a store at the Shanghai Xintiandi precinct, a project developed by Shui On Land Ltd., in Shanghai. The company has never offered subsidies such as free rents, said Carrie Liu, Shanghai-based general manager of Shui On Development Ltd.