China’s 24 Billion Dollar Ocean Flower Island | 中国海花岛 | Hainan China

#chinadrone #chinascities #china #oceanflowerisland #中国海花岛 Latest Update: January 5th 2022 South China Morning Post New Update Source Today the Evergrande Group announced that it will abide by the orders to tear down 39 structures on its flagship property project on Hainan Island. Evergrande is not the only Chinese property developer engulfed by a liquidity crisis. Altogether the sector owes $ in US dollar-denominated offshore debt in the first three months of 2022, analysts at Nomura said last month. In the second quarter of this year, they must find another $, while also meeting billions of repayments in local yuan debt. STATEMENT: ALL OUR VIDEOS ARE FUNDED BY OURSELVES. We make videos based on footage we can fly or license. No monetary payments were made to make this video. We enjoy Chinas infrastr