Past retail failures in China don't scare Simon away: Developer's partnership with Wal-Mart could be key

Executives of Simon Property Group Inc. are confident the shopping mall owner's foray into China will prove successful, even though they acknowledge others have failed there. In a conference call with analysts late last month, the locally based real estate investment trust announced its plan to be the first American company to develop retailing projects in the communist country. Its first project will be a 500,000-squarefoot mall at Hangzhou, a city of 6 million people about two hours from Shanghai....

 

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