Merger Mapletree North Asia Commercial Trust & Mapletree Commercial Trust 9th June 2022
The financial collapse of the Soviet Union in the early 1990s coincided with the opening of China to trade with the West. In 1992, China announced that it would transition to a socialist industry economy, a hybrid of a Communist-planned economy and a industry economy. A series of statements by China’s political leaders recommended that in order for China to delight in a far more mature type of socialism, higher national wealth was required. They additional indicated that socialism and poverty should not be regarded synonymous and that the country was ready to turn its focus to rising the wealth...