Year-over-year

The average rent growth, year-over-year, is about 3-to-5%. We're seeing 11% rent growth now, so, clearly, way above trends we’ve had in the past.

China has become the world's second-largest e-tail market, with estimates as high as $210 billion for revenues in 2012 and a compound annual growth rate (year-over-year) of 120 percent since 2003.