No island paradise
By Yan Yiqi and Shi Xiaofeng | China Daily | Updated: 2014-08-20 07:10
Initiative to attract private developers for uninhabited islands hits rough waters, report Yan Yiqi and Shi Xiaofeng in Ningbo, Zhejiang province.
Almost three years ago, Yang Weihua successfully bid for the 50-year rights to an uninhabited island in Zhejiang province.
With her 20 million yuan ($3.26 million) bid, Yang became the first tenant in an inaugural batch of 176 uninhabited islands that the country approved in a novel move to attract domestic and foreign investment for development in 2011.
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