An artist's impression of the Crayfish Town, created by JC Group. Photo: HandoutAn artist's impression of the Crayfish Town, created by JC Group. Photo: Handout
An artist's impression of the Crayfish Town, created by JC Group. Photo: Handout

China’s ‘charming towns’ plan turns into a nightmare for investors, amid legal crackdown

  • Initiative was to dot the countryside with themed villages, like Crayfish Town, Poetry Town, Fairyland Town, and Happy Town
  • Collapse of a funding company has seen senior executives detained by police, and thousands of investors scrambling for answers

Topic |   China economy
An artist's impression of the Crayfish Town, created by JC Group. Photo: HandoutAn artist's impression of the Crayfish Town, created by JC Group. Photo: Handout
An artist's impression of the Crayfish Town, created by JC Group. Photo: Handout
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