America Closed Malls, but China Kept Building Them. Now It Has Too Many.
There’s nothing China can’t 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. Many retailers in China…
