Reuters provided insight into how the opening last year of the world’s largest artificial resort island, developed by China Evergrande Group for nearly $13 billion, was the realization of the ambitions of founder Hui Ka Yan, who sketched a design for the project himself. Now Evergrande is in default to global bondholders, and officials in Danzhou city have ordered 39 of the project’s towers — roughly 3,900 of the island’s 65,000 homes — to be demolished over environmental and construction violations.
Entertainment & Lifestyle
Reuters reveals Dashed dreams for China Evergrande’s showpiece resort island
31 January 2022, 5:01 pm 1 minute
Topics of Interest: Entertainment & Lifestyle
Type: Reuters Best
Media Types: Text
Customer Impact: Important Regional Story