China’s ‘charming towns’ plan turns into a nightmare for investors, amid legal crackdown

//China’s ‘charming towns’ plan turns into a nightmare for investors, amid legal crackdown

China’s ‘charming towns’ plan turns into a nightmare for investors, amid legal crackdown

China’s “thousand charming towns” initiative was supposed to dot the vast countryside with beautiful, liveable and themed villages, carrying names as eclectic and zany as Crayfish Town, Asian Games Town, Poetry Town, Fairyland Town, and Happy Town, which would come complete with a “sex park”.But last week’s collapse of a private company behind many of these developments has seen dozens of senior executives detained by police and thousands of investors scrambling for answers, desperate to recoup…

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By | 2019-05-01T08:00:15+00:00 May 1st, 2019|Business|Comments Off on China’s ‘charming towns’ plan turns into a nightmare for investors, amid legal crackdown