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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.
Posted by Tyler Cowen on December 2, 2004 at 08:11 AM in Current Affairs | Permalink
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