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 properties	Valuation (RMB $bil)	Valuation (S$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 —...