As of Sep 2020, there are 4 REITs / Business Trust that focus on retail play in China.

Dasin Retail Trust is highly focused in the Greater Bay Area, while the other three are spread out among Tiers 1 and 2 Chinese cities.

REIT / Business Trust No. of
(RMB $bil)
CapitaLand Retail
China Trust (AU8U)
13 19.4 3.8
Sasseur REIT (CRPU) 4 8.2 1.6
BHG Retail REIT (BMGU) 6 4.7 0.9
Dasin Retail Trust (CEDU) 7 11.7 2.3

China’s Economic Progress from COVID-19

China was the first major economy to emerge from COVID-19 with positive economic growth — Q2 2020 GDP recorded a positive growth after a woeful Q1 2020, growing 11.5% quarter-on-quarter and 3.2% year-on-year, from a 6.8% year-on-year decline in 1Q 2020.

Disposable income per capita grew 1.5% year-on-year in 1H 2020 for urban residents. While retail sales for consumer goods fell 11.4% year-on-year (to RMB 17.2 trillion) for 1H 2020, it recovered to -1.8% year-on-year in June 2020.

Although there was a brief resurgence of Second wave in Beijing on 10 June —