What benefits can tier 1.5 cities enjoy in China?
Locations such as Chengdu, Hangzhou and Nanjing which are considered as the transition frontrunners of tier 2 to 1 cities can enjoy greater government support compared to tier 1 cities. For instance, they are encouraged to build shopping centers larger than 10,000 square meters when it is not allowed in tier 1 cities like Beijing. Also, 15 percent of global economic power is predicted to be amassed by tier 2 cities in China within the next ten years. Since the demand for large shopping centers has been growing in recent years in tier 2 cities, the prospect for shopping malls continues to be promising.
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