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Why Ocean Flower Island – dubbed ‘Dubai of China’ – is important to China Evergrande Group and Hainan province


China Evergrande Group, the world’s most indebted developer, was last week ordered to demolish 39 buildings on Ocean Flower Island, a project comprising three man-made islands developed by the company in China’s southern Hainan province, within 10 days.The order, issued by the Danzhou Municipal People’s Government on December 30, states that an illegally obtained permit for the buildings had been revoked and that the buildings now needed to be dismantled, according to media reports.Here is what…

Source : South China Morning Post
Read more…Why Ocean Flower Island – dubbed ‘Dubai of China’ – is important to China Evergrande Group and Hainan province

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