China’s economy is slowing down. The country delivered enviable double-digit annual growth for the past decades but now growth has significantly shrank to 7%. This concern bothered a unitholder and he decided to to raise this question at this year’s AGM.

“What impact would that (China’s slowdown) have on Mapletree Greater Commercial China Trust?”

It was a valid question considering Mapletree Greater China Commercial Trust owns a property, Gateway Plaza, in Beijing. A few months ago the REIT also acquired another property in Shanghai — Sandhill Plaza.

“Let me take a step back to set the scene since the question is very broad.”

Frank Wong, Chairman of Mapletree Greater China Commercial Trust answered over the microphone.

“When China had a growth rate of more than 10% ten years ago, the gross domestic product was around US$2.5 trillion to US$3.5 trillion. Today, the value is about close ...

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