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Economy

For China's retail sector, more isn't merrier

BEIJING -- All is not well in China's retail sector. Shopping centers are being shuttered with regularity, as tenants abandon them. Yet the overall amount of commercial space in the country continues to swell.

     The economy's weakening momentum and President Xi Jinping's belt-tightening are discouraging consumption. At the same time, shoppers are moving online, and foreign retailers are reviewing their strategies for expansion in the Chinese market. 

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