SHANGHAI — In the U.S., a Web site called Deadmalls.com features stories of shopping centers across the country that are effectively ghost malls. Tenants have left due to economic woes or because the populations that lived in the malls’ once-bustling surroundings have moved elsewhere, causing business to evaporate.
A similar site could be launched in China, where another ghost mall phenomenon is emerging — but in a slightly different context. Simply put, too many shopping malls have been — and are continuing to be — built on the mainland, resulting in a situation where supply outstrips demand and vacancy rates are on the rise, particularly in smaller cities.
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