Close Menu
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
What's Hot

Hong Kong stocks climb as Santa rally extends for a second day

December 23, 2025

HKIC ends year on high note but Hong Kong cost of living a drawback for attracting talent

December 23, 2025

Global firms turn to M&A in EVs and biotech to deepen China investment: KPMG

December 23, 2025
Facebook X (Twitter) Instagram
Tuesday, December 23
Facebook X (Twitter) Instagram
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
World Economist – Global Markets, Finance & Economic Insights
Home » China slams grass-roots mismanagement, shames ‘longevity city’ debacle as a warning
China

China slams grass-roots mismanagement, shames ‘longevity city’ debacle as a warning

adminBy adminJuly 19, 2025No Comments2 Mins Read
Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
Share
Facebook Twitter Pinterest Email Copy Link
Post Views: 78


It was a sprawling cultural and tourism project that completely went off the rails, and now Beijing is using it as evidence of grass-roots government mismanagement – one of three high-profile examples of wastefulness newly flagged by China’s disciplinary authorities.

Following an investigation, the project – dubbed “Yaohan Longevity City” and located in Gongcheng Yao autonomous county of Guilin – was condemned as a “severe waste of resources”.

Initially hailed in 2018 as a key initiative in the county’s 30th-anniversary celebration, the undertaking intended to position Gongcheng as a leading hub for health tourism. Now it serves as a warning to other local-level government cadres across China.

Spanning an area of about 9.3 hectares (23 acres), the project was initially expected to attract a total investment of 1.65 billion yuan (about US$229 million). However, due to a broken capital chain and a series of poor decisions by local authorities, only 540 million yuan was spent, with six out of the eleven planned buildings left abandoned and idle.

Authorities in the county, with a population of nearly 250,000 people, “made blind decisions to build cultural and tourism projects out of touch with reality, resulting in idleness and waste”, China’s Central Commission for Discipline Inspection (CCDI) said in its report, released this week.

Deng Xiaoqiang, the primary backer of the project, who was found guilty of misappropriating 5 million yuan (US$700,000) under the guise of loans to a company he controlled, was expelled from the Communist Party in December 2022.

In addition to the doomed “longevity city”, other examples of government mismanagement have come under the scrutiny of China’s de facto anti-corruption and political disciplinary agency. As part of a broad effort to address inefficiencies and corruption at local levels, central authorities have highlighted problematic practices.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
admin
  • Website

Related Posts

China

F-16V fighter jet in ground test as Taiwan presses US and Lockheed Martin for delivery

December 23, 2025
China

Chinese team slams rival into glass wall, as sparks fly at robot showdown in Abu Dhabi

December 22, 2025
China

Has mainland China’s Taiwan policy entered a new phase?

December 22, 2025
China

Developing | US bars approvals of new models of China’s DJI, all other foreign drones

December 22, 2025
China

‘Missing’ 6-year-old Yuanxin and father reunited, then deported together to China

December 22, 2025
China

Lawmakers want US to disclose any approvals of Nvidia H200 China licences

December 22, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

FBR, NBR agree to boost ties – Business & Finance

December 23, 2025

Bangladesh High Commissioner, NBR delegation visit FBR to boost tax cooperation – Business & Finance

December 22, 2025

PIA all set for fresh bidding after failed privatisation attempt last year – Markets

December 22, 2025

India bond yields jump as supply worries sting, stop-losses add pressure – Markets

December 22, 2025
Latest Posts

PSX hits all-time high as proposed ‘neutral-to-positive’ budget well-received by investors – Business

June 11, 2025

Sindh govt to allocate funds for EV taxis, scooters in provincial budget: minister – Pakistan

June 11, 2025

US, China reach deal to ease export curbs, keep tariff truce alive – World

June 11, 2025

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Recent Posts

  • Hong Kong stocks climb as Santa rally extends for a second day
  • HKIC ends year on high note but Hong Kong cost of living a drawback for attracting talent
  • Global firms turn to M&A in EVs and biotech to deepen China investment: KPMG
  • Global firms turn to M&A in EVs and biotech to deepen China investment: KPMG
  • South Korean politicians agree to Unification Church special probe in rare move

Recent Comments

No comments to show.

Welcome to World-Economist.com, your trusted source for in-depth analysis, expert insights, and the latest news on global finance and economics. Our mission is to provide readers with accurate, data-driven reports that shape the understanding of economic trends worldwide.

Latest Posts

Hong Kong stocks climb as Santa rally extends for a second day

December 23, 2025

HKIC ends year on high note but Hong Kong cost of living a drawback for attracting talent

December 23, 2025

Global firms turn to M&A in EVs and biotech to deepen China investment: KPMG

December 23, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Archives

  • December 2025
  • November 2025
  • October 2025
  • September 2025
  • August 2025
  • July 2025
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • June 2024
  • March 2024
  • October 2022
  • March 2022
  • July 2021
  • February 2021
  • January 2021
  • November 2019
  • April 2011
  • January 2011
  • December 2007
  • July 2007

Categories

  • AI & Tech
  • Asia
  • Banking
  • Business
  • Business
  • China
  • Climate
  • Computing
  • Economist Impact
  • Economist Intelligence
  • Economy
  • Editor's Choice
  • Europe
  • Europe
  • Featured
  • Featured Business
  • Featured Climate
  • Featured Health
  • Featured Science & Tech
  • Featured Travel
  • Finance & Economics
  • Health
  • Highlights
  • Markets
  • Middle East
  • Middle East & Africa
  • Middle East News
  • Most Viewed News
  • News Highlights
  • Other News
  • Politics
  • Russia
  • Science
  • Science & Tech
  • Social
  • Space Science
  • Sports
  • Sports Roundup
  • Tech
  • This week
  • Top Featured
  • Travel
  • Trending Posts
  • Ukraine Conflict
  • Uncategorized
  • US Politics
  • USA
  • World
  • World & Politics
  • World Economy
  • World News
© 2025 world-economist. Designed by world-economist.
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.