When in doubt, drink Lafite

“I usually drink Lafite. Since I know nothing about wine, I just drink the most expensive stuff”

Fraser w

A candid admission by the tycoon behind Nanjing-based Sanpower, which recently bought the UK’s House of Fraser stores. Yuan Yafei struck a bearish note in his interview in the Financial Times, noting that China would add 2,500 shopping malls in the next three years, saying this was far too many and a lot would go bust (at which point he will buy a few on the cheap).

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