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
China Trust (AU8U)
|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 —