Empty Buildings in China’s Provincial Cities Testify to Evergrande Debacle

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To understand Evergrande’s rapid decline, consider its unfinished apartments, EV factory and “Fairyland” theme park in provincial Lu’an, China

LU’AN, China—Rows of residential towers, some 26 stories high, stand unfinished in this provincial city about 350 miles west of Shanghai, their plastic tarps flapping in the wind.

Elsewhere in Lu’an, golden Pegasus statues guard an uncompleted $9 billion theme park that was supposed to be bigger than Disneyland. A planned $4 billion electric-vehicle plant, central to local leaders’ economic dreams, remains a steel frame with overgrown vegetation spilling into the road.

 

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Hi Hồng Diễm :) :D

Can we outsource some of our homeless there?

That big land had been investing on Ghost town.

It's capitalism as a whole which is collapsing under the weight of its meanness, quick profit, greed and short-sightedness.

this is terrible news

The reasons why Chinese eat bats and everything..

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