China’s $50-billion knock-off of Manhattan sits on a river bend, near the port city of Tianjin, some 120-miles from Beijing. It has its own Rockefeller Center and Twin Towers, and touted as the world’s largest financial center in the making. Construction first began in 2008 on the back of a massive credit boom unleashed in China after the global financial crisis, appears to have ground to a halt. While the “Rockefeller Center” and its Twin Towers appear to be complete, but empty and fenced off. Continue reading for two videos and more information.
The district is being developed with a total investment of about 200 billion yuan, and is located on the Haihe River North Shore, with Xiangluowan Business District and TEDA. Also, the Yujiapu Financial District is an APEC low-carbon demonstration town. The district was expected to open in June 2014, but has suffered from a construction slowdown.