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After Huarong bankruptcy: Diaoyutai copy in Germany left to decay

The deconstruction of financial conglomerate Huarong is also radiating into Germany. After the execution of company founder Lai Xiaomin, numerous high-profile real estate properties owned by the Huarong real estate subsidiary are vacant – including a replica of the Diaoyutai guesthouse that was supposed to be built in Niederrad near Frankfurt. This was reported to China.Table by local residents. The luxury complex is now a building ruin without much hope of completion, as business newspaper Nikkei reported.

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