Prawns replace abalone as China property developers go down-market

HONG KONG (Reuters) - The Chinese developer behind an eight-storey clubhouse with a billion-dollar view over Shanghai's Huangphu River is turning to lower-end coffee shops and restaurants to fill the space, as a broad anti-graft campaign puts the brakes on conspicuous spending.

from Reuters: Business News http://ift.tt/1tgXwZM