Phase_1_Golden_Resources_Mall_Beijing_Tunnel

Injia International Cinema CINITY (20210417130556)

Golden Resources Shopping Mall, or Jin Yuan (abbreviated from Chinese: 金源时代购物中心) is a major

shopping mall A shopping mall (or simply mall) is a North American term for a large indoor shopping center, usually anchored by department stores. The term "mall" originally meant a pedestrian promenade with shops along it (that is, the term was used to refe ...

located near the northwest Fourth Ring Road in

Haidian District Haidian District () is a district of the municipality of Beijing. It is mostly situated in northwestern Beijing, but also to a lesser extent in the west, where it has borders with Xicheng District and Fengtai District. It is 431 square km in ar ...

Beijing } Beijing ( ; ; ), alternatively romanized as Peking ( ), is the capital of the People's Republic of China. It is the center of power and development of the country. Beijing is the world's most populous national capital city, with over 21 ...

, People's Republic of China. At the time of opening it was the largest mall by gross leasable area. In 2005, it became the world's second-largest mall when South China Mall in

Dongguan Dongguan (; ) is a prefecture-level city in central Guangdong Province, China. An important industrial city in the Pearl River Delta, Dongguan borders the provincial capital of Guangzhou to the north, Huizhou to the northeast, Shenzhen to the ...

, China was completed. It can be accessed by the

Beijing Subway The Beijing Subway is the rapid transit system of Beijing Municipality that consists of 25 lines including 20 rapid transit lines, two airport rail links, one maglev line and 2 light rail lines, and 463 stations. The rail network extends acro ...

using Changchunqiao Station on Line 10. In English, the mall has earned the

nickname A nickname is a substitute for the proper name of a familiar person, place or thing. Commonly used to express affection, a form of endearment, and sometimes amusement, it can also be used to express defamation of character. As a concept, it is ...

"Great Mall of China", owing to its total area of over six floors. At 1.5 times the size of the Mall of America, Golden Resources Mall was the world's largest shopping mall from 2004 to 2005. The mall was completed on 20 October 2004 after 20 months of construction and opened four days later. The developer of the mall initially estimated that the mall would have 50,000 shoppers a day, however upon opening the actual number was far smaller, as few as 20 in an hour. At the time, prices of most goods sold inside the mall were far beyond the purchasing ability of most ordinary Chinese. In addition, the mall was relatively inaccessible due to it being located in what was the sparsely populated outer suburbs of the Beijing between the 3rd and 4th ring road. Fu Yuehong, general manager of the New Yansha Group which operates nearly half the mall, explains:

From the beginning we wanted the largest shopping center in the world ..We are the country with the most people in the world. We have the fastest growing economy. The largest mall shows our progress as a society ..We think it will take three to five years to start making a profit.

Today, with the growth of the Chinese middle class, the number of shoppers has increased tremendously over the years with the mall being crowded on weekends. A second phase of the mall opened across the street. Urban expansion of Beijing now places the mall in the urban area of Beijing, surrounded by numerous apartment complexes. The opening of

Line 10 Changchunqiao station in 2012 improved access to the mall. An additional subway line serving the mall, Line 12 is under construction with opening slated for 2023.

References

External links

Official website
{{Shopping malls in China Buildings and structures completed in 2004 Shopping malls in Beijing Shopping malls established in 2004

See also

References

External links