Dubai has been described as China, a group of skyscrapers shaped candle on an artificial island surrounded by tropical sea, the epitome of a real estate boom that has transformed the horizons unprecedented nationwide. But prices in Phoenix Island, off the streets of palms resort of Sanya, have plummeted in recent months, exposing the hidden weaknesses of economic growth, but sometimes unbalanced China. A hotel “seven stars” is being built in oval wave rectified the provincial tourism proclaimed as a “fierce competitor” for the title of “the eighth wonder of the modern world.” But the island is quiet …
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