Photo source: ©© Raine
Caofeidian, a small sand spit in the Bohai Bay, located 220 kilometers east of Beijing, consists of a 16 square kilometer peninsula formed by a 4 sq km islet and a broad land passage reclaimed from the sea in 2000 for the use of Shougang Group, the huge iron- and steelworks that was moved from Beijing to cut pollution for the 2008 Olympics. Captions: ChinaDaily
Excerpts;
“As precious as gold …” That was how then-president Hu Jintao described Caofeidian during his visit in 2006. It was pledged to be ‘the world’s first fully realised eco-city’ – yet 10 years and almost $100bn later, only a few thousand inhabitants have moved to this land reclaimed from the sea …
Read Full Article And View Images, Guardian UK
Stalled Project Shows Why China’s Economy Is Wobbling, The Wall Street Journal
