Now, Soho, known for its trendy architecture and its billionaire founders, is setting its sights on Shanghai. Rather than the city’s Pudong district, where the city’s financial hub is located and a frenzy of building is under way ahead of the city’s Expo 2010, Soho is looking to the historic western side of town for profits.
Soho expects China’s property market to outperform the rest of the world, Chairman Pan Shiyi told Forbes in an interview. ”The whole world economy isn’t good right now, but China’s economy is different from the U.S. and Europe . . . and we think Shanghai’s market still looks promising.”
You must log in to post a comment.
Yes, I would like to receive emails from China Economic Review. (You can unsubscribe anytime)
Copyright © 2018 SinoMedia Group Limited All rights reserved