Malaysia is building malls like crazy – but shoppers aren’t coming
www.aljazeera.com
Dozens of new malls are under construction in the country even as existing complexes struggle to attract customers.
  • CaptainSpaceman@lemmy.worldEnglish
    91·
    5 months ago

    • Build shit to make the economy look better

    • Nobody rents buildings

    • Demo buildings

    • Repeat

    China been doing that for years now, thats why Evergalrande failed and why a bunch of other Chinese property companies are fucked beyond belief

    Editing to add this about Chinas banks:

    https://feddit.org/post/860818