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China’s shopping malls face survival test
The crowded sector is dividing into winners and losers.
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The Grandview Mall in Guangzhou, south-eastern China, has opened an extensive aquarium to bring back the crowds.
PHOTO: QILAI SHEN/NYTIMES
Keith Bradsher
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DALIAN, China – There is nothing China cannot make in abundance and often in excess – even shopping malls.
Across the United States, one in six shopping malls has closed since the sector peaked in 2013. But China has been on a frenetic construction boom, with its number of malls doubling since 2013 to 6,700.
