The Failure of China's $25 Billion Artificial Island
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China is known for taking on some of the largest infrastructure projects in the world. The Ocean Flower Island is the largest artificial island in the world, and is being built in the Hainan province of China. The $25 Billion Dollar development project is set to be a tourist location to Rival Dubai and the tourism market it created. But 2 years after the project was scheduled to be completed, large sections of the development are still not completed. To make matters worse, the developer announced that 39 residential buildings on the island will be demolished due to violations in Urban Planning Law.
In addition to these problems, the developer, China Evergrande Group has over $300 Billion Dollars in debt, and is rumored to be filing for bankruptcy sometime this year. But all of this begs the question, will the world's largest Artificial Island ever be fully completed? Thank you for Watching
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#China #Island #infrastructure
China, Officially The People's Republic of China is a Country in East Asia with a population of over 1.4 Billion People. © 2023 Arkive Productions LLC
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@carkawalakhatulistiwa
2 жыл бұрын
5:56 second or third new house.for investment not a place to live
This island is MAGNIFICENT BEAUTIFUL!
@TotalJustinGaming
2 жыл бұрын
Are you kidding me
@edgark6150
2 жыл бұрын
Me too This looks incredible!
@polynesianwarrior2166
Жыл бұрын
@@TotalJustinGaming what wrong with you
Thumbnail is clickbait? Now its definitely clickbait
Its beautiful honestly
Impressive!
Just a reminder. Dubais artificial islands like this are sinking
@tmd-w1552
2 жыл бұрын
Because they didn't do it properly
@windowfakerq1
11 ай бұрын
Yes in 100 year, if they make back investments in 20 years worth it
They built Hainan 😲
If it looks like a money maker and it is that close to completion it will be complete because if its making money now it willmake way more money when the rail line is built to the island
@johnsmith-cw3wo
Жыл бұрын
wonder what happened in the last 3 years in China that really hit tourism hard... 🤔🙄
IF AMERICA BUILD AN ISLAND YOU WILL NEVER TALK ABOUT MARINE LIFE
@johnsmith-cw3wo
Жыл бұрын
USA is busy drilling for OIL... no time for islands.
@johndawson6057
Жыл бұрын
So true
@windowfakerq1
11 ай бұрын
Who cares about marine life? Those are just Animals. Only humanity matter
Good luck trying to compete with the UAE on any mega project.
@johnsmith-cw3wo
Жыл бұрын
yes... it TOTALLY DESTROY UAE. 😂😂😂- Dubai is just castles in the sand, once the hype go away, it will crash and burn.
@ABunnyorABun
6 ай бұрын
More pretty than Dubai 👀
Like Sicily and Sardinia , islands should develops wisdom , and focus on wealther ,optics
Hainan is the undisputed southern-most territory of China
@krishnamaggarwal9167
2 жыл бұрын
"undisputed"
@youcantalwaysgetwhatyouwan6687
2 жыл бұрын
@@krishnamaggarwal9167 Everybody recognized Hainan was China's southern-most territory not Paracel or Spratly
@chickaboomboom2726
Жыл бұрын
@@youcantalwaysgetwhatyouwan6687 THAT PART OF CHINA TOO. AND WHO ARE YOU TO DETERMINE OTHERWISE. YOU DON'T OWN THE EARTH AND NO ONE VOTED YOU AS WORLD POLICEMAN.
Evergreen is amazing build China
Nature destroyers
@jamie.777
11 ай бұрын
All that concrete, aggregate 😢, sand , steel. Fossil fuels for machines, nature killer
Fifth! Edit: you're getting more sponsers
What a waste of resources.
@chickaboomboom2726
Жыл бұрын
WHOS RESOURCES NOT YOURS SO WHY ARE YOU COMPLAINING.
@rg9441
Жыл бұрын
USA svcks
@windowfakerq1
11 ай бұрын
If you think its the waste of resources your More radical left Than the chinese "communist" party
interesting comment section for a video with only 7,000 views. must have hit a nerve with the Chinese Communist Party.
@andrewzhang985
2 жыл бұрын
You are talking crap nonsense. Is KZread Chinese company? How has the Chinese government got anything to do its viewing record?
@DerrickSylvesterJamesJr
2 жыл бұрын
@@andrewzhang985 1. China doesnt have to own a company to monitor it. 2. You proved my point mr. blank profile, LOL
@mercedesamgpetronas2439
Жыл бұрын
China has youtube?
@MithunOnTheNet
Жыл бұрын
@@mercedesamgpetronas2439 For citizens no... but CCP and their bot accounts are all over KZread, Twitter, Facebook, etc. to spread propaganda. Mostly faceless accounts.
@johnsmith-cw3wo
Жыл бұрын
@@DerrickSylvesterJamesJr good thing it have CIA agents to comment on videos.