China fact of the day

China now has the world’s largest shopping mall:

It takes about two days to explore Beijing’s new Golden Resources Shopping Mall – the world’s largest. Minnesota’s "Mall of America" is 4 million square feet. Golden Resources, built in an impressive 20 months and opened Oct. 24, is 6 million square feet.

With 230 escalators, more than 1,000 shops, restaurant space the size of two football fields, and a skating rink – the Art Deco mall is a testament in glass and steel to the communist party’s desire to create a stable, happy, middle-income consumer class.

Here is the full story, and thanks to Mises Blog for the pointer.  It is reported that mall offerings are still far ahead of local purchasing power.


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