Reuters reveals Dashed dreams for China Evergrande’s showpiece resort island

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Entertainment & Lifestyle

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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