| Abstract | Despite the serious downturn in East Asian economies and corporate failures such as the fall of the Yaohan Group, investors and property giants have not given up on mulling over supermall developments. Ronnie Chan, chairman of Hang Lung development, talks about the opportunities and pitfalls of building supermalls in Asia at a breakfast gathering in Downtown Los Angeles' grand dame Biltmore Hotel on 14 November, 1997, jointly held by the Asia Society and Japanese American Society of California. The article summarizes his speech. The situation of China and Hong Kong are mentioned in his speech. |
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