Beijing plans big commercial projects

Beijing is revamping its commercial landscape to boost domestic consumption, with plans to transform 12 traditional commercial districts and introduce 1 million square meters of new commercial space by the end of this year.

The city is also developing innovative "commercial plus" projects to meet evolving consumer needs. A key project, called Wanli, or "Bay Area," is set to open in the second half of this year in the Tongzhou district sub city-center.

Positioned as a hub for luxury and cultural experiences, it will include Wangfujing Wellton, the largest outlet mall in Beijing, a high-end hotel and a resort. Over 50 percent of the space will be dedicated to cultural and artistic experiences, with 60 percent of the brands debuting in the sub city-center.