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Getbig Main Boards => Gossip & Opinions => Topic started by: arce1988 on March 04, 2013, 12:57:25 PM
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http://www.cnn.com/2013/03/03/business/china-worlds-largest-mall/index.html?hpt=hp_c1
What do you economy experts say about this?
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What do you economy experts say about this?
Oh, definitely PED.
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Dongguan, China (CNN) -- They built it, but the shoppers didn't come.
New South China Mall in Guangdong Province opened in 2005. With 5 million square feet of shopping area, the mall can accommodate 2,350 stores, making it the largest shopping center in the world in terms of leasable space -- more than twice the size of Mall of America, the biggest shopping center in the United States.
At the outdoor plaza, hundreds of palm-trees blend with a replica Arc de Triomphe, a giant Egyptian sphinx, fountains and long-stretching canals with gondolas.
Only problem is, the mall is virtually deserted. Despite the bombastic design and grand plans, only a handful of stores are occupied. "Most of it empty, with little consumer traffic and a high vacancy rate," according to a report last year by Emporis, a global building data firm. "It has been classified as a 'dead mall.'"
Walking among shattered shops -- its dusty corridors and escalators covered in soiled sheets -- is a walk through a ghost mall. Rubbish piles up along the sides, paint is coming off the walls and store signs and advertisements have faded.
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That looks very dated for '05.
Went to Mall of Dubai this fall. It was pretty fricking sweet.
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How is Dubai doing?
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How is Dubai doing?
Seemed to be going well tourist wise. I went in the off season though I think. The mall was pretty empty on weekdays. When I ordered a coffee I had three waitors at my disposal and another 5 just standing there lol.
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Saw 60 minutes last night for a few minutes. They were showing entire cities built in China that are empty. Get ready for a housing bubble burst of epic proportions.
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This shit is nonsense.
China's a fucking huge country there's gonna be a few misses, but there are still a ton of hits.
The housing market in china is still command driven.
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china will be a democracy soon, and when then that happens muslims, americans, blacks will invade and fill up those empty buildings, china will be another america in 15 years
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china will be a democracy soon, and when then that happens muslims, americans, blacks will invade and fill up those empty buildings, china will be another america in 15 years
;D
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china will be a democracy soon, and when then that happens muslims, americans, blacks will invade and fill up those empty buildings, china will be another america in 15 years
lol