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Worries about the giant developer’s ability to repay its debt and a total of $300 billion in liabilities have put global investors on edge. Beyond the company itself, there are worries about a potential spillover into the rest of China’s real estate industry or economy. — CNBC
Evegrande missed another round of payments last Monday, setting it back again ahead of Wednesday’s scheduled $47.5 million interest payment. Investors are blindly looking for a government bailout, but financial experts remain uncertain as to its prospects. The company says it plans to go forward... View full entry
Ennead Architects has released images of their competition-winning design for the new International Performance Center in Shenzhen. The company, which is currently hiring a BIM Specialist and Computational Designer on Archinect Jobs, hopes that their scheme will “reimagine the possibilities... View full entry
A mega spacecraft assembled in orbit is among projects that Chinese researchers have been invited to study, as the country expands plans for future space exploration and long-term crewed missions. The National Natural Science Foundation of China has called on scientists to join a five-year project to study the mechanics of an “ultra-large spacecraft spanning kilometres” — South China Morning Post
This is among 10 proposed research projects released in August by the foundation’s mathematical and physical sciences department, which will provide funding of up to $2.3 million to five projects. The project will gather researchers to investigate how this endeavor could be realized, exploring... View full entry
A startling transformation of a former Shanghai shopping mall expected to pump new life into a centuries-old district that has played a seminal role in the history and development of the city is ready to be unveiled thanks to the work of one local firm. AIM Architecture has completed work on its... View full entry
New York-based Laguarda.Low Architects has designed a sprawling 128-acre, mixed-use park in Shenzhen that aims to restore the city’s Bao’an district “to its former high level of livability.” The OCT OH Bay Waterfront Retail Park, which opened in February of this year, joins the new... View full entry
Carlo Ratti Associati (CRA) has unveiled a project dubbed “the world’s first farmscraper,” to be built in Shenzhen, China. The 218-meter-high, 51-story Jian Mu Tower will contain a large-scale farm system with the ability to produce crops to feed 40,000 people per year, as well as offices, a... View full entry
Images have been unveiled for a new multi-functional Chinese agriculture and exhibition center that will transform the Nanfan High Tech District in the tropical Hainan Island city of Sanya into a scientific research hub. CLOU Architects is behind the 4,000-square-meter (43,055-square-foot)... View full entry
Safdie Architects has an update on three ongoing projects it says are direct ties to the lineage of founder Moshe Safdie’s seminal work that opened 54 years ago in Montreal. New buildings in Ecuador and Sri Lanka are nearing completion, and a new development is about to break ground on the... View full entry
China is emerging as a global leader in cultural construction amidst a hectic year that saw a marked decline in new museum building according to AEA Consulting’s just released 2020 Cultural Infrastructure Index. Overall construction is down 30% in the sector compared to last year’s report... View full entry
Subway systems around the world are struggling to adapt to an era of extreme weather brought on by climate change. Their designs, many based on the expectations of another era, are being overwhelmed, and investment in upgrades could be squeezed by a drop in ridership brought on by the pandemic. — The New York Times
New York is still repairing damages to its subway system caused nearly a decade ago by Hurricane Sandy as the installation of certain protective also lags behind schedule. Coastal cities like New York and Boston are facing nine-digit pricetags as they prepare their populations for climate change... View full entry
A cosmic new museum is bringing out the stars in Shanghai thanks to a celestial design from Ennead. The Shanghai Astronomy Museum opens this weekend following a five-year construction process that left client Shanghai Science and Technology Museum with a new outpost in the heart of the city’s... View full entry
Touted as the world’s first renewable energy-powered, suspended sky train, a new transportation system has been unveiled in Chengdu, the capital city of China’s southwest Sichuan Province. Photo: CCTV The project, titled the Dayi Air Rail Project, is a first-of-its-kind demonstration... View full entry
Snøhetta has released details of their competition entry for a new landmark at Qianhai Bay, Shenzhen. No overall winner was chosen for the competition, with Snøhetta sharing second place with Sou Fujimoto’s floating tower design. Snøhetta’s scheme, titled “Lunar,” is inspired by the... View full entry
China’s National Development and Reform Commission has implemented an outright ban on the construction of buildings taller than 500 meters, following mounting safety concerns over the quality of some tall projects. The move is seen as a formal ratification of an in-principle ban on new buildings... View full entry
A new multipurpose development is taking shape in Qinhuangdao, China, bringing a “floating cloud by the sea” thanks to a plan by MAD, unveiled this week, that will add 2,500 square meters of swirling new public space to the city’s coastal community of Aranya. Having already broken ground in... View full entry
