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High rents spell trouble for Shanghai bookstores
26/11/2008 11:04

Liang Yiwen and Tom Qian/Shanghai Daily news

Bookstores in the city are being hit by high rents and falling sales due to competition from online retailers, meaning many of Shanghai's largest book retailers may shut down.

One of the largest bookstores in the city closed its doors on Monday. A notice stating: "Store closed for inventory check" was posted at the entrance of Dragon Books, located in the Cloud Nine Shopping Mall near Zhongshan Park.