More proof of the Chinese myth, largest and emptiest mall in the world.
Previously we looked at the Chinese currency and discussed the possibility that a majority who believe the Yuan is undervalued may be wrong. Indeed the idea that the Yuan is actually overvalued given the rampant inflation is far more logical. We will see a tremendous slowdown in what was largely fake growth coming out of China, growth that was primarily fueled by a central government directive and has no economic basis what so ever. You may have heard of China's ghost cities, entire cities built for the sake of building that stand largely unoccupied with investors holding on to properties as a means to protect themselves from inflation. What you may not have heard of, is China's ghost mall. This happens to be the biggest shopping center in the world too a label the Chinese owners announce with pride, but it is also the emptiest. PBS ran a story, the video can be found here . The mall, called the South China Mall was constructed in 2005 and most of the retail sp