 World's Biggest Shopping Centre in Guangzhou, China, is still almost empty 4 years later |
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 Oct 11 2009, 10:09 AM
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 Millennium man  Group: Members Posts: 1,989 Joined: 15-January 08 From: Finland Member No.: 1,498  |
A short video about the world's biggest shopping centre in Guangzhou, China.
QUOTE Is nothing American sacred anymore? The largest mall in the world turns out not to be the famous Mall of America in Bloomington, Minn. It’s the South China Mall outside of Guangzhou, China. Outdoing the techniques of American consumerism, South China Mall is Disneyland, Las Vegas and Mall of America rolled into one. There are carnival rides, mini-parks, canals and lakes amid classic Western-style buildings with space for hundreds of shops. But along with the glitz and glory of middle-class shopping, the mall’s Chinese developers seem to have imported something else — a cautionary tale of capitalist hubris. Alex Hu, a local Guangzhou boy who made it big in international business, wanted South China Mall to be a hometown monument to his success — even though Guangzhou has no major airports or highways nearby. And four years after its construction, the mall sits virtually empty of both shops and shoppers. But the Chinese have imported yet another concept familiar to Americans — South China Mall is considered too big to fail. So, employees line up for flag-raising ceremonies and pep talks about “brand building” before going off to maintain the deserted concourses meticulously. If China is the future of the world economy, It looks nice. Just no customers. Video on this page (13 min long): http://www.pbs.org/pov/utopia/ -------------------- Gold and financial news: 24knews
Video at guardian.co.uk: Gold for Food in Zimbabwe. Video at YouTube: Buying groceries with silver in California. Energy Bulletin A daily news site about oil, natural gas, food, transportation and their economic and social ramifications. |
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Oct 11 2009, 11:20 AM
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 Twistin' by the pool Group: Members Posts: 1,527 Joined: 28-June 08 From: Liverpool Member No.: 1,991 |
How bizarre! It would be a good movie set though.
-------------------- If you're hanging on to a rising balloon, you're presented with a difficult decision - let go before it's too late or hold on and keep getting higher, posing the question: how long can you keep a grip on the rope?
- Danny, Withnail & I |
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Oct 25 2009, 04:57 AM
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 Tri-Millennium Guru Group: Super Admins Posts: 28,366 Joined: 17-March 06 From: Hong Kong & London Member No.: 2 |
The malls in HK are doing well.
But then, they are mostly on top of MTR stops -------------------- The market is "bipolar", swinging back and forth from a focus on Inflation to Deflation. Bet on swings; and stay flexible. What are bipolar markets? See: http://tinyurl.com/GEI-Manix
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Oct 27 2009, 01:14 PM
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#4
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 TERMINATOR Group: Members Posts: 2,622 Joined: 30-January 08 From: LONDON Member No.: 1,524 |
Hugh Henry would have loved it........
-------------------- Capitalism gives you MORE. More efficient production to put you out of work, more globilisation to mess up the planet, more goods to consume and more debt to buy them with.
DO YOU REALLY WANT MORE? Does capitalism give you a healthy life style, healthcare, a pension, happiness or a loving family? Leave it to the free markets? Socialism doesnt work either.... Whats the middle path? GEI SEARCH PAGE: http://www.greenenergyinvestors.com/index....ode=adv&f=0 Nb. The price good men pay for indifference to public affairs is to be ruled by evil men. Plato, Greek author & philosopher in Athens (427 BC - 347 BC). |
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Oct 27 2009, 01:42 PM
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#5
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 Centurion Group: Members Posts: 206 Joined: 20-February 08 From: West London Member No.: 1,560 |
QUOTE (littledavesab @ Oct 27 2009, 01:14 PM)  Hugh Henry would have loved it........ Hehe yes you're right! HH does have a valid point though. Overcapacity will be a massive theme. Who's going to be filling these places? What's going to change to make that happen? I can't think of anything. |
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Oct 30 2009, 07:54 PM
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#6
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Tri-Centurion Group: Members Posts: 417 Joined: 11-August 06 Member No.: 285 |
very ugly , looks like a mig multi storey car park. Can it be seen from space
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Lo-Fi Version | Time is now: 9th September 2010 - 06:43 PM |