Massive unemployment & store closures in Beijing; people are afraid to spend money

This is Beijing’s most known rotten-tailed shopping district, the Shimao Gongsan Shopping Center. So far, it hasn’t been able to find a company willing to take over the project. It has been depressed, doing poor business for many years. In fact, its location is great. Across the road is the famous Sanlitun Bar Street, which is less than 100 meters away in direct line. Not far ahead is the subway station…