China’s northeast rust belt hopes to revitalise growth and regain its place in the world’s second largest economy. Photo: Reuters

China’s Northeastern rust belt was once ‘eldest son’, now struggling as runt of the litter

  • Liaoning, Jilin and Heilongjiang were birthplace of China’s industrialisation in 1950s, but now contribute just 6.3 per cent to gross domestic product combined
  • People's Republic of China founding father Mao Zedong called the region the country’s ‘eldest son’ on whose shoulders the family’s future rests
Topic |   China economy

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China’s northeast rust belt hopes to revitalise growth and regain its place in the world’s second largest economy. Photo: Reuters
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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

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