Businesses vs. Developers in Kunming
Gokunming.com covered an interesting story that has been developing over the past few weeks in the heart of Kunming’s university district —
A dozen of the tenants in the new development located inside popular dining and shopping alley Wenhua Xiang (or ‘Culture Alley’ in Chinese) are displaying bright red signs which state: “Investing here is extremely risky; investors please be extremely cautious.” Some tenants have gone further, hanging banners which accuse Kunming Foreigner Street developer Wuxin Realty of “maliciously trapping” tenants in a bad investment.
I’ll be interested to see whether the crackdown on outdoor seating persists beyond Chinese National Day (Oct. 1st). Although it seems to have been brought on by a petition from surrounding families, polices are often particularly overzealous in the periods leading up to holidays, golden weeks, and dates of significant “incidents.”
Also, Chris was too tactful to mention this point, but the development in question is so ugly that many expats and foreign students refer it as the “pee and poo building” or the “piss and blood building.” The developer got a great piece of real estate and then did a shoddy job all around.