From CSM, a fascinating story on how China’s thriving market, cheap credit, government complicity, and pent up demand conspire to create what are surely some of the most spectacular malls in the world. The one in this story is 6 million square feet, with 230 escalators and 1,000 shops. As many of these stories as I’ve read, I still find it astounding that this is after all China —as in formerly communist China—we are talking about.
Let a thousand malls bloom
