$CAPITALAND RETAIL CHINA TRUST(AU8U.SI)$China’s Urbanization will continue to 70% in 2035. It was 63.89% as of 2020 and probably around 65% in 2021. We still have 5% to go. In short, more people will move to the city. More people in the city = more traffic for malls = more income for tenants = more rental for capitaland. This trust also covers business parks and as of Tue 12th Oct, it’sdiving into Chinese Logistics Sector by spending S$297.7 million acquiring 4 assets in Shanghai, Kunshan, Wuhan and Chengdu.

https://www.businesstimes.com.sg/companies-markets/clct-to-raise-s120m-to-fund-s2977m-acquisition-of-4-china-logistics-assets