Takeovers of foreign companies and government intervention in the markets have spooked investors, hollowing out key industries.
Locals call it the hollowing out of the city into an empty theme park.
c.1200, from Old English holh (n.) "hollow place, hole," from Proto-Germanic *hul-, from PIE *kel- "to cover, conceal" (see cell). The figurative sense of "insincere" is attested from 1520s. Related: Hollowly; hollowness. To carry it hollow "take it completely" is first recorded 1660s, of unknown origin or connection.
late 14c., holowen, from hollow (adj.). Related: Hollowed; hollowing.
"lowland, valley, basin," 1550s, probably a modern formation from hollow (adj.). Old English had holh (n.) "cave, den; internal cavity."