Reuters reveals Dashed goals for China Evergrande’s showpiece resort island – Reuters Information Company

Reuters presented perception into how the opening previous yr of the world’s most significant artificial resort island, created by China Evergrande Group for almost $13 billion, was the realization of the ambitions of founder Hui Ka Yan, who sketched a style and design for the venture himself. Now Evergrande is in default to world bondholders, and officers in Danzhou town have requested 39 of the project’s towers — around 3,900 of the island’s 65,000 houses — to be demolished above environmental and development violations.