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Abandoned "Wonderland" in China - 08 May 2013 - Sort by:
Abandoned "Wonderland" in China - 08 May 2013
Images from the site of abandoned buildings which were to be part of an amusement park called "Wonderland" on the outskirts of Beijing.

According to local media, the demolition of the amusement park will make way for a shopping centre once authorities approve its construction. Wonderland's construction, which was promoted by developers as 'the largest amusement park in Asia', stopped around 1998 after funds were withdrawn due to disagreements over property prices with the local government and farmers.
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Beijing, China
A building in the shape of a castle stands uncompleted in a field in what would have been an amusement park called 'Wonderland', on the outskirts of Beijing December 5, 2011. Construction work at the park, which was promoted by developers as 'the largest amusement park in Asia', stopped around 1998 after funds were withdrawn due to disagreements over property prices with the local government and farmers. With local governments often dependent on land sales to fund payments on a staggering 10.7 trillion yuan ($1.7 trillion) of debt, Beijing worries that a collapsing property market will trigger a wave of defaults that in turn will hit the banks. More worrisome, the property market, which contributes about 10 percent of Chinese growth and drives activity in 50 other sectors, could drag the real economy to a hard landing. Picture taken December 5, 2011. REUTERS/David Gray (CHINA - Tags: BUSINESS SOCIETY REAL ESTATE CONSTRUCTION)
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A view of a vacant carpark in front of abandoned buildings... more
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