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

Reuters offered perception into how the opening final 12 months of the world’s largest synthetic resort island, developed by China Evergrande Group for practically $13 billion, was the conclusion of the ambitions of founder Hui Ka Yan, who sketched a design for the venture himself. Now Evergrande is in default to international bondholders, and officers in Danzhou metropolis have ordered 39 of the venture’s towers — roughly 3,900 of the island’s 65,000 properties — to be demolished over environmental and development violations.