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

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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Ideal Travel Destinations for Zodiac Signs in 2025: A Vedic Astrology Perspective

Last Updated:January 22, 2025, 13:51 ISTVedic astrology reveals the ideal Indian vacation spots for every sign of the zodiac in 2025, guaranteeing unique and fulfilling experiences.Embark on a journey perfectly aligned with your zodiac sign's traits.According to Vedic astrology,...

White House set to back tougher climate model for ethanol, sources say

EnvironmentGovernment16 February 2024, 3:46 pm 1 minute Reuters exclusively reported that President Joe Biden’s administration is poised to announce an adjustment to its scientific modeling for ethanol that will show the corn-based fuel to be less effective at reducing greenhouse...