Chinese city levels Dianchi Lake villas after Beijing sees red at green zone violations

May 9, 2021 | INVESTING

Authorities in China’s southwest are rapidly trying to demolish more than 1,000 villas and flats in a nature conservation area after the property development became the target of Beijing’s wrath.The development on the banks of Dianchi Lake in Kunming, Yunnan province, was singled out last week in a report by inspectors from the Ministry of Ecology and Environment.After a month-long investigation, the inspectors said the project had resulted in the illegal destruction of over 90 per cent of the…

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