China Evergrande says stadium construction proceeding as planned

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WATCH: Work on a China Evergrande project to build one of the world's largest soccer stadiums is proceeding ‘as normal,’ the company told Reuters despite the real estate giant's cash woes

project in the southern city of Guangzhou to build one of the world's largest soccer stadiums is proceeding "as normal", the company told Reuters on Monday, despite the real estate giant's cash woes.

Construction on the Guangzhou FC Soccer stadium, which was set to cost around 12 billion yuan , began in April last year and had been due to finish by 2022. An aerial view shows the construction site of Guangzhou Evergrande Soccer Stadium, a new stadium for Guangzhou FC, developed by China Evergrande Group, in Guangzhou, Guangdong province, China September 26, 2021. REUTERS/Thomas Suen

 

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The real estate supports the economy of China only

nice

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