Ocean Flower Island
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Ocean Flower Island
Ocean Flower Island (), or Haihua Island, is an under-construction, artificial archipelago located off the north coast of Danzhou, Hainan, China, west of the Yangpu Peninsula. The project, being built by the Evergrande Group, will consist of three independent islets with a total area of . The project has received an investment of 160 billion RMB (US$24 billion) and was scheduled for completion in 2020. During the 2021 National Day, the island attracted over 200,000 visitors. Corruption and demolition order Hainan politician Zhang Qi, who was later convicted of corruption, approved land reclamation for the island in conflict with environmental protection laws. The construction of the island caused damages to coral reefs and oyster populations. The boundaries of the environmental protection area around the island were later restored. On 30 December 2021, in the middle of its liquidity crisis, the developer Evergrande received a demolition order from the city of Danzhou relating to ...
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List Of Administrative Divisions Of Hainan
Hainan uses a slightly different administrative system from other administrative regions of China. Most other provinces are divided entirely into prefecture-level divisions, each of which is then divided entirely into county-level divisions, which generally do not come directly under the province. In Hainan, nearly all county-level divisions (the eight districts excepted) come directly under the province. This method of division is due to Hainan's relatively sparse population. However, it is planned that the counties and cities in Hainan (excluding Sansha) would be merged into five city-level cities, just like those on the mainland area of China. Administrative divisions All of these administrative divisions are explained in greater detail at Administrative divisions of the People's Republic of China. This chart lists only prefecture-level and county-level divisions of Hainan. Sansha oversees the South China Sea Islands: the Xisha (Paracel Islands), Zhongsha (Macclesfield Bank) ...
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Danzhou
Danzhou () is a prefecture-level city in the northwest of the Chinese island province of Hainan. Although called a "city", Danzhou administers a large area which was called Dan County or Danxian () until 1993. The administrative seat and urban center of Danzhou is Nada Town, which is often colloquially referred to as Danzhou city. Danzhou was upgraded from a county-level city into a prefecture-level city in February 2015. History What is now Danzhou was firstly named Danzhou () during the Song Dynasty in the 12th century and only renamed to Danxian in 1912 after hundreds of years, but later re-obtained its name Danzhou after the Communist takeover in the 1950s. During World War 2, Danzhou was among the top most devastated counties in Hainan as the Japanese had massacred more than 30,000 people in Danzhou, destroying over than 10,000 houses and 300 Danzhou villages. Subdivisions Danzhou is a prefecture-level city of the Hainan province. An uncommon administrative feature is ...
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China Standard Time
The time in China follows a single standard time offset of UTC+08:00 (eight hours ahead of Coordinated Universal Time), even though the country spans almost five geographical time zones. The official national standard time is called ''Beijing Time'' (BJT, ) domestically and ''China Standard Time'' (CST) internationally. Daylight saving time has not been observed since 1991. China Standard Time (UTC+8) is consistent across Mainland China, Hong Kong, Macau, Taiwan, Philippines, Singapore, Brunei, Mongolia, etc. History In the 1870s, the Shanghai Xujiahui Observatory was constructed by a French Catholic missionary. In 1880s officials in Shanghai French Concession started to provide a time announcement service using the Shanghai Mean Solar Time provided by the aforementioned observatory for ships into and out of Shanghai. By the end of 19th century, the time standard provided by the observatory had been switched to GMT+08:00. The practice has spread to other coastal ports, and in ...
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Yangpu Peninsula
The Yangpu Peninsula () is a peninsula located in Danzhou, on the northwestern coast of Hainan Province, China. It has a coastline containing many natural harbors. An expressway connects the peninsula to Haikou, the capital of the province, which is to the east. Geology It has plentiful deposits of titanium. Yangpu Economic Development Zone The zone is an area covering . that contains the Port of Yangpu, an oil refinery, a petroleum commercial reserve base, a 448,000 K power station, and the town of Yangpu. The area is Hainan's largest economic zone and the first development zone approved for lease to foreign investors by the Chinese government. Yangpu Ancient Salt Field This archeological heritage site is located in Yantian village. The area comprises more than 1,000 stones, cut flat on top, used to dry seawater to produce salt. See also * Ocean Flower Island Ocean Flower Island (), or Haihua Island, is an under-construction, artificial archipelago located off the north ...
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Evergrande Group
The China Evergrande Group is the second largest property developer in China by sales. It is ranked 122nd on the ''Fortune'' Global 500. It is incorporated in the Cayman Islands, a British Overseas Territory, and headquartered in the Houhai Financial Center in Nanshan District, Shenzhen, Guangdong Province, China. It was founded in 1996 by Xu Jiayin. It sells apartments mostly to upper- and middle-income dwellers. In 2018, it became the most valuable real estate company in the world. In 2021, the payments Evergrande had to make on its debt started the 2020–2022 Chinese property sector crisis; Evergrande's total debts were estimated in the hundreds of billions of dollars. This was one of the reasons for a drop in many stock market indices on September 20, 2021. At the end of 2021, the Chinese government was reportedly working to restructure Evergrande in order to resolve the crisis. The group also sought a moratorium on the early repayment option on one of its yuan-denomin ...
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National Day Of The People's Republic Of China
National Day ( zh, s=国庆节, t=, p=guóqìng jié, l=national celebration day, links=yes), officially the National Day of the People's Republic of China (), is a public holiday in China celebrated annually on 1 October as the national day of the People's Republic of China, commemorating the formal proclamation of the establishment of the People's Republic of China on 1 October 1949. The Chinese Communist Party victory in the Chinese Civil War resulted in the Kuomintang "retreat" to Taiwan and the Chinese Communist Revolution whereby the People's Republic of China "replaced" the Republic of China. Although it is observed on 1 October, another six days are added to the official holiday, normally in lieu of the two weekend breaks around 1 October, making it a de facto public holiday comprising seven consecutive days also known as Golden Week ( zh, c=黄金周, p=huángjīn zhōu, labels=no) with specifics regulated by the State Council. Festivities and concerts are usual ...
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Zhang Qi (politician, Born 1961)
Zhang Qi (; born March 1961) is a former Chinese politician who spent most of his career in Hainan province. He was investigated by the Central Commission for Discipline Inspection (CCDI - the party's internal disciplinary body) and the National Supervisory Commission, the highest anti-corruption agency of China, in September 2019. Previously he served as Party chief of Haikou, capital of Hainan province. Zhang is the first senior official who was placed under investigation in Hainan since the Communist Party of China's 19th National Congress in late 2017 and the fourth incumbent provincial level official was sacked for graft since then. Early life and education Zhang was born in Shou County, Anhui, in March 1961. After the Resumption of College Entrance Examination, he was accepted to Hainan Normal University, where he majored in mathematics. After graduation, he worked as secretary of Communist Youth League of China there. Career In October 1991, he was transferred to Haikou, ...
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Evergrande Liquidity Crisis
The China Evergrande Group is the second largest property developer in China by sales. It is ranked 122nd on the ''Fortune'' Global 500. It is incorporated in the Cayman Islands, a British Overseas Territory, and headquartered in the Houhai Financial Center in Nanshan District, Shenzhen, Guangdong Province, China. It was founded in 1996 by Xu Jiayin. It sells apartments mostly to upper- and middle-income dwellers. In 2018, it became the most valuable real estate company in the world. In 2021, the payments Evergrande had to make on its debt started the 2020–2022 Chinese property sector crisis; Evergrande's total debts were estimated in the hundreds of billions of dollars. This was one of the reasons for a drop in many stock market indices on September 20, 2021. At the end of 2021, the Chinese government was reportedly working to restructure Evergrande in order to resolve the crisis. The group also sought a moratorium on the early repayment option on one of its yuan-denom ...
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List Of Islands Of Hainan
There are many islands directly off the coast of Hainan Island, the southernmost province in China. This article lists them. There are also groups of disputed islands located hundreds of kilometres away that are within Hainan, the administrative area, but not actually part of Hainan, the province. Those islands are not within the scope of this article. References External links {{Asia topic, List of islands of * Hainan Hainan (, ; ) is the smallest and southernmost province of the People's Republic of China (PRC), consisting of various islands in the South China Sea. , the largest and most populous island in China,The island of Taiwan, which is slightly l ...
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Forest City (Johor)
Forest City is an integrated residential development and private town located on the slopes of Gelang Patah, Johor Bahru District, Johor, Malaysia on 1,370 hectares. Announced in 2006 as a twenty-year project, the project was pitched under China's Belt and Road Initiative. It was opened by then Prime Minister of Malaysia Najib Razak in 2016, with the approval of the Sultan of Johor, Sultan Ibrahim Ismail. Forest City in Johor is in partnership with Esplanade Danga 88, an affiliate of the Johor People's Infrastructure Group (KPRJ), through a joint venture, Country Garden Holding Ltd (CGPV), with CGPV holding 60 percent of shares, while KPRJ holds the other 40 percent. Forest City is under the management of the Iskandar Puteri City Council and the Iskandar Regional Development Authority. The development of Forest City is contentious. The project was largely not targeted at local Malaysians but rather at upper-middle-class citizens from China who were looking to park their wealth ...
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Insider
''Insider'', previously named ''Business Insider'' (''BI''), is an American financial and business news website founded in 2007. Since 2015, a majority stake in ''Business Insider''s parent company Insider Inc. has been owned by the German publishing house Axel Springer. It operates several international editions, including one in the United Kingdom. ''Insider'' publishes original reporting and aggregates material from other outlets. , it maintained a liberal policy on the use of anonymous sources. It has also published native advertising and granted sponsors editorial control of its content. The outlet has been nominated for several awards, but is criticized for using factually incorrect clickbait headlines to attract viewership. In 2015, Axel Springer SE acquired 88 percent of the stake in Insider Inc. for $343 million (€306 million), implying a total valuation of $442 million. In February 2021, the brand was renamed simply ''Insider''. History ''Busi ...
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Palm Islands
The Palm Islands are three artificial islands, Palm Jumeirah, Deira Island and Palm Jebel Ali, on the coast of Dubai, United Arab Emirates. The Palm Islands were conceived around the same time as The World, another artificial island project in Dubai. Nakheel is the real estate developer of these artificial islands. Creation of the islands started in 2001 ending in 2006 to 2007, which has had a significant impact on ocean sediments and wildlife in the area. Islands Palm Jumeirah () is the site of numerous private residences and hotels. From the air, the archipelago resembles a stylized palm tree within a circle. Construction began in 2001 and was largely financed from Dubai's income from petroleum. By 2009, 28 hotels were opened on the site. Palm Jebel Ali () is a similar archipelago with a larger palm tree, a larger crescent around it and space between the crescent and the tree to dredge island boardwalks that circle the "fronds" of the "palm" and spell out an Arabic poem by ...
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