If tycoon Yang Bin (
Bus No. 260 departs at regular intervals from outside the Intermediate People's Court in the northeastern city of Shenyang heading for Holland Village, a sprawling complex of apartment buildings, offices and greenhouses.
The side of the bus carries a large advertisement, still in bright colors, urging people to "Move to Holland Village" and showing the 219-hectare real estate development's hallmark Dutch windmills and Baroque castles.
No one has followed the advertisement's advice since Dutch-Chinese businessman Yang fell foul of the law in September last year, and many have moved out.
"There are only about 60 security guards left here," said one young guard dressed in a gray uniform. "No one else goes to work here anymore."
Attention this week is focused on Yang's trial, which is expected to end in a verdict today with a long jail sentence for the 40-year-old businessman.
But next on many creditors' list of priorities is the question of how to recoup some of the money they lent to Yang's collapsed empire.
Auctioning off Holland Village could play a key part in making them happy, sources following Yang's trial have said.
Yang was thinking big when he tried to fullfil his dream of bringing home a piece of the Netherlands, where he worked and studied and eventually obtained citizenship.
It was to have been a garden of peace and refined taste, where residents could relax behind guarded walls and forget they were in the middle of northeast China's dreary northeastern rustbelt.
In the spirit of a new China where young entrepreneurs were allowed to foster bold ideas and turn them into practice, Yang planned to invest 1.8 billion yuan (US$200 million) into a dream-like place where people could live and shop in luxurious surroundings.
Even in Yang's heyday, Holland Village never escaped looking slightly bizarre, resembling a kind of fairytale Netherlands thought up by an architect who appeared to know the country from coffeetable books.
And more than eight months after Yang was placed under house arrest suspected of financial irregularities, the luster of the project has faded fast.
Decrepit and depopulated, it now looks almost as eccentric as the idea of a North Korean capitalist trade zone that Pyongyang picked Yang to run in September last year, shortly before his detention by Chinese authorities.
A clock on a replica of Amsterdam train station in the center of the village has stopped at 3:15pm, and it seems time has stood still all around it.
The vast flowerbeds that once adorned the sides of the street have disappeared, as has the water in the moats, along with the black and white swans.
The broad avenue separating Holland Village in two is rapidly deteriorating into a dirt road, while grass sticks through cracks in the pavement.
Panes are missing in many of the windows of the two-storey buildings that should have housed cozy little shops, and banners that previously welcomed visitors are torn to shreds.
Apart from being the residence for Shenyang's wealthy classes, Holland Village was also to have served Yang's vast horticultural business.
Extended rows of oversized greenhouses were built in a corner of the complex, intended for mass production of orchids and chrysanthemums.
Now, the weeds in the ditches outside the greenhouses grow more plentiful than any of the flowers inside, left untended for months.
"There's no water and power supply except for in our living quarters," said a security guard.
Even if nothing else works in Holland Village, the security apparatus is apparetnly still up and running.
"No one is allowed to roam around here," said a plain-clothes police officer, stepping out of his four-wheel drive.
"No photos and no notes, please. That's an order from the city government," he said.
Nauru has started selling passports to fund climate action, but is so far struggling to attract new citizens to the low-lying, largely barren island in the Pacific Ocean. Nauru, one of the world’s smallest nations, has a novel plan to fund its fight against climate change by selling so-called “Golden Passports.” Selling for US$105,000 each, Nauru plans to drum up more than US$5 million in the first year of the “climate resilience citizenship” program. Almost six months after the scheme opened in February, Nauru has so far approved just six applications — covering two families and four individuals. Despite the slow start —
YELLOW SHIRTS: Many protesters were associated with pro-royalist groups that had previously supported the ouster of Paetongtarn’s father, Thaksin, in 2006 Protesters rallied on Saturday in the Thai capital to demand the resignation of court-suspended Thai Prime Minister Paetongtarn Shinawatra and in support of the armed forces following a violent border dispute with Cambodia that killed more than three dozen people and displaced more than 260,000. Gathered at Bangkok’s Victory Monument despite soaring temperatures, many sang patriotic songs and listened to speeches denouncing Paetongtarn and her father, former Thai prime minister Thaksin Shinawatra, and voiced their backing of the country’s army, which has always retained substantial power in the Southeast Asian country. Police said there were about 2,000 protesters by mid-afternoon, although
MOGAMI-CLASS FRIGATES: The deal is a ‘big step toward elevating national security cooperation with Australia, which is our special strategic partner,’ a Japanese official said Australia is to upgrade its navy with 11 Mogami-class frigates built by Japan’s Mitsubishi Heavy Industries, Australian Minister for Defence Richard Marles said yesterday. Billed as Japan’s biggest defense export deal since World War II, Australia is to pay US$6 billion over the next 10 years to acquire the fleet of stealth frigates. Australia is in the midst of a major military restructure, bolstering its navy with long-range firepower in an effort to deter China. It is striving to expand its fleet of major warships from 11 to 26 over the next decade. “This is clearly the biggest defense-industry agreement that has ever
DEADLY TASTE TEST: Erin Patterson tried to kill her estranged husband three times, police said in one of the major claims not heard during her initial trial Australia’s recently convicted mushroom murderer also tried to poison her husband with bolognese pasta and chicken korma curry, according to testimony aired yesterday after a suppression order lapsed. Home cook Erin Patterson was found guilty last month of murdering her husband’s parents and elderly aunt in 2023, lacing their beef Wellington lunch with lethal death cap mushrooms. A series of potentially damning allegations about Patterson’s behavior in the lead-up to the meal were withheld from the jury to give the mother-of-two a fair trial. Supreme Court Justice Christopher Beale yesterday rejected an application to keep these allegations secret. Patterson tried to kill her