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Entertainment & Lifestyle
31 January 2022, 5:01 pm 1 minute
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.
Article Tags
Topics of Interest: Entertainment & Lifestyle
Type: Reuters Best
Sectors: Equities
Regions: Asia
Countries: China
Media Types: Text
Customer Impact: Important Regional Story
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