Latest news with #GoldinFinance117
Scottish Sun
12-07-2025
- Entertainment
- Scottish Sun
China unveils world's largest $50MILLION inflatable dome over construction site – and its use will surprise you
Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) CHINA has unveiled a massive inflatable dome in the middle of a major city to help shield residents from a construction site. The whopping 50m-high inflatable is reported to be the largest of its kind in the world. Sign up for Scottish Sun newsletter Sign up 5 Its design is said to allow for easy inflation and dismantling Credit: Mao Ning Chinese Foreign Ministry Spokesperson/Facebook 5 A viral video shows the incredible moment the inflatable swallows up the building site Credit: Mao Ning Chinese Foreign Ministry Spokesperson/Facebook 5 The whopping 50m-high inflatable is reported to be the largest of its kind in the world Credit: Mao Ning Chinese Foreign Ministry Spokesperson/Facebook Measuring 20,000 square metres, the dome is designed to protect the surrounding neighbourhoods from dust and noise during construction. A viral video shows the incredible moment the inflatable swallows up the building site in the city of Jinan. Viewers can see the dome gradually inflating to its enormous size through a jaw-dropping timelapse. Mao Ning, a spokesperson for China's Foreign Ministry, revealed the giant dome in a Facebook post on July 2. The balloon uses negative pressure and air filtration systems to stop construction dust affecting nearby areas, according to Times Now News. Its design is said to allow for easy inflation and dismantling so it can be deployed where needed quickly. The dome is made from lightweight PVDF-coated polyester, with four big fans keeping it inflated. Transparent panels let in natural sunlight, allowing the inside to keep well lit during the day without the need for artificial lighting, the Bridge Chronicle has reported. But the viral clip has also drawn a lot of attention on TikTok, with many users sharing their reactions to the vast inflatable. One user jested: "This is really dangerous because if it gets too big it becomes really soft and a giant might see it and come to take a nap." China's terrifying new giant 'sea monster' war plane pictured for first time - & it's a throwback to Cold War Soviet tech But another said it is "such a clever way to protect both the environment and the people living nearby". "How does one even manufacture a single sheet that large?", asked another. It comes as China continues to face issues with many of its major construction projects. A giant skyscraper in the city of Tianjin had stood unfinished for nearly a decade before construction was resumed. 5 It would have been the fifth-tallest building in the world if construction was completed 5 The Goldin Finance 117 in Northern China is twice as high as The Shard in London Goldin Finance 117, nicknamed The Walking Stick due to its architectural shape, had loomed uncompleted over the city for many years. But work on the £8billion project was halted following the 2015 Chinese stock market crash. Standing at a staggering 1,959 feet, the Walking Stick is nearly twice as tall as The Shard. But Chinese state media has since reported the skyscraper will now resume construction. It will no longer get to claim the title as China's tallest building that had been forecast, however. Two taller skyscrapers, the Shanghai Tower and Shenzhen's Ping An Finance Centre, have topped out since then.
The Irish Sun
12-07-2025
- Entertainment
- The Irish Sun
China unveils world's largest $50MILLION inflatable dome over construction site – and its use will surprise you
CHINA has unveiled a massive inflatable dome in the middle of a major city to help shield residents from a construction site. The whopping 50m-high inflatable is reported to be the Advertisement 5 Its design is said to allow for easy inflation and dismantling Credit: Mao Ning Chinese Foreign Ministry Spokesperson/Facebook 5 A viral video shows the incredible moment the inflatable swallows up the building site Credit: Mao Ning Chinese Foreign Ministry Spokesperson/Facebook 5 The whopping 50m-high inflatable is reported to be the largest of its kind in the world Credit: Mao Ning Chinese Foreign Ministry Spokesperson/Facebook Measuring 20,000 square metres, the dome is designed to protect the surrounding neighbourhoods from A viral video shows the incredible moment the inflatable swallows up the building site in the city of Jinan. Viewers can see the dome gradually inflating to its enormous size through a jaw-dropping timelapse. Mao Ning, a spokesperson for China's Foreign Ministry, revealed the giant dome in a Facebook post on July 2. Advertisement read more in world news The balloon uses negative pressure and air filtration systems to stop construction dust affecting nearby areas, according to Times Now News. Its design is said to allow for easy inflation and dismantling so it can be deployed where needed quickly. The dome is made from lightweight PVDF-coated polyester, with four big fans keeping it inflated. Transparent panels let in natural sunlight, allowing the inside to keep well lit during the day without the need for artificial lighting, the Bridge Chronicle has reported. Advertisement Most read in The US Sun Breaking Breaking But the viral clip has also drawn a lot of attention on TikTok, with many users sharing their reactions to the vast inflatable. One user jested: "This is really dangerous because if it gets too big it becomes really soft and a giant might see it and come to take a nap." China's terrifying new giant 'sea monster' war plane pictured for first time - & it's a throwback to Cold War Soviet tech But another said it is "such a clever way to protect both the environment and the people living nearby". "How does one even manufacture a single sheet that large?", asked another. Advertisement It comes as China continues to face issues with many of its major construction projects. A giant skyscraper in the city of Tianjin had stood unfinished for nearly a decade before construction was resumed. 5 It would have been the fifth-tallest building in the world if construction was completed 5 The Goldin Finance 117 in Northern China is twice as high as The Shard in London Advertisement Goldin Finance 117, But work on the £8billion project was halted following the 2015 Chinese stock market crash. Standing at a staggering 1,959 feet, the Walking Stick is nearly twice as tall as The Shard. But Chinese state media has since reported the skyscraper will now resume construction. Advertisement It will no longer get to claim the title as China's tallest building that had been forecast, however. Two taller skyscrapers, the Shanghai Tower and Shenzhen's Ping An Finance Centre, have topped out since then. Why has Trump hit China, Canada, and Mexico with tariffs? DONALD Trump has imposed 10% tariffs on Chinese imports and Beijing has retaliated. Trump also hit Canada and Mexico with 25% tariffs, but walked back many of them on March 6 China : Trump believes China has not done enough to stop the production of chemicals used to make the drug fentanyl. China has slammed Trump for the claim and described fentanyl as America's problem. The country also said the tariffs are a "serious violation" of the World Trade Organization rules. China is filing a lawsuit with the WTO against the US for "wrongful practice." China serves as a major supplier of auto parts to the US. Phones, computers, and other key electronic devices were also in the top imports from China last year, according to Commerce Department data. In 2023, the US imported around $427 billion worth of products from China, according to the US Census Bureau. Data reveals that 78% of all smartphones imported from the US came from China. Trump's tariff threat has sparked fears of price rises for fashion items and toys. Beijing has responded by outlining its own tariffs on American goods, sparking fears of an all-out trade war between the two superpowers. Canada : Trump ignited a trade war with Canada and Mexico during his first days in office as part of a campaign promise to stop the flow of fentanyl and illegal immigrants into the United States. He said both countries had not done enough to halt the drug flow and the mass influx of migrants from reaching US soil. A total of 59 pounds of fentanyl was seized at the northern border by US agents between 2022 and 2024, according to the Canadian government. Meanwhile, almost 62,000 pounds of the drug was seized at the southern border. The 25% tariffs Trump proposed on Canadian goods were destined to come into force on March 4. Canada responded with a 25% tariff on $155 billion of American imports. On March 6, Trump warned the 25% tariff on steel and aluminium would come into force on March 12. Ontario Premier Doug Ford responded with a 25% surcharge on electricity exported to Michigan, Minnesota, and New York. Trump then threatened to The Ontario premier warned that he "will not hesitate to increase" the levies or completely shut off power to the three US northeastern states. Both sides then agreed to talk and toned down their threat. Ford then paused the electricity surcharge. Mexico : Mexico has managed to twice postpone Trump's tariffs on Mexican goods. On February 1, Trump signed an executive order to impose tariffs on imports from Canada, Mexico, and China. But, on February 3, Trump agreed to pause the levies against Canada and Mexico after the countries took steps to appease Trump's concerns on border security and drug trafficking. Trump then threatened that the 25% tariffs would come into force on March 4. Two days later, Trump announced a delay on most goods covered under the US-Mexico-Canada Agreement. Trump credited Mexican President Claudia Sheinbaum's progress on border security and drug smuggling as a reason for the pause on the levies. The Mexican Navy has seized thousands of kilograms of drugs from criminal gangs. Sheinbaum promised to deploy 10,000 extra troops to the Mexico-US border. Still, Trump has maintained that on April 2, the US will begin imposing reciprocal tariffs on all its trading partners, including Mexico.
New York Post
01-05-2025
- Business
- New York Post
The world's tallest unoccupied building to resume construction — after a decade-long shutdown
China's 'walking stick' skyscraper now has some new legs. Construction on the Goldin Finance 117 tower in Tianjin is set to resume after 10 years, CNN Style reported. Progress on the 1,959-foot-tall tower — making it the tallest unoccupied building in the world — stalled after the Chinese stock market crash of 2015. Now, a new construction permit means that this 'ghost tower' can progress towards a projected completion date of 2027. 6 The tower rises 1,959 feet above Tianjin. NurPhoto via Getty Images 6 China 117 topped out in 2015 before progress ground to a 10-year halt. NurPhoto via Getty Images 6 The completion of the tower may be a part of a broader push by China to stabilize its fraught real estate market. CFOTO/Future Publishing via Getty Images Chinese state media announced last week that construction of the 117-story tower, aptly nicknamed 'China 117,' could resume, CNN Style reported. Daring urban explorers have flocked to the imposing structure over the past decade, chronicling their death-defying climbs in viral videos, including Russian couple Angela Nikolau and Ivan Kuznetsov in 2016. The skyscraper, which broke ground in 2008, was constructed with a system of 'mega columns' to brace it against strong winds and earthquakes. The impressively lean tower was designed to host three office zones and a five-star hotel on the upper floors, according to architects P&T Group. A diamond-shaped atrium containing a pool and an observation deck will top the building. 6 Four 'mega columns' run up the 117-story tower. NurPhoto via Getty Images 6 The tower was designed to host three office zones and a five-star hotel on the upper floors, according to the architect. NurPhoto via Getty Images Goldin Properties Holdings, the Hong Kong-based real estate developer behind the site, has since gone into liquidation, CNN reported. The edifice was originally destined to be the centerpiece of a larger, mixed-use development catering to the upper echelons of the northern port city. CNN Style reported that the wider development scheme for attractions like a convention center and a polo club remains uncertain, but the new permit reportedly nods to 'commercial corridors.' 6 The skyscraper stands much taller than its neighbors. CFOTO/Future Publishing via Getty Images The resumption of construction on both the Goldin Finance 117 Tower and the Chengdu Greenland Tower — a 1,535-foot skyscraper that has been on hold since 2023 — coincides with frequent headlines about China's abandoned skylines and ghost cites. 'The national government has made it clear it wants to stabilize the real estate market,' said Qiao Shitong, a law professor at Duke University School of Law and expert on Chinese real estate, told CNN Style.
Yahoo
29-04-2025
- Business
- Yahoo
Goldin Finance 117, the World's Tallest Abandoned Skyscraper, Will Resume Construction After a Decade Pause
Photo: CFOTO/In September 2015, Guinness World Records officially named Goldin Finance 117, a 1,959-foot-tall abandoned skyscraper, in Tianjin, China, the world's tallest unoccupied building. At the time, developers deserted the 128-story project before it was completed due to significant financial difficulties. However, according to CNN, the structure may soon not be completely abandoned: The building is expected to resume construction early next week. Here's the story behind the infamous building. Goldin Finance 117 was designed by P&T Group, a firm based in Hong Kong known for its work throughout Asia. The building was intended to be the centerpiece of the Goldin Metropolitan Scheme, a mixed-use development that would cater to the ultrarich, and was planned to include residential, hospitality, and commercial space. Goldin Properties was the developer. Construction first began in 2008, and at the time, the building was expected to finish in 2014 and be the country's tallest. However, progress was halted in 2010 following cascading impacts from the Great Recession. Construction restarted in 2011, and the building was projected to be completed in 2018 or 2019. In 2015, it topped out—that is, the frame was finished—but construction was once again suspended shortly after. For the past decade, it has stood abandoned and unfinished. Serious financial headwinds following China's stock market crash in 2015 forced Goldin Properties to liquidate, resulting in the abandonment of Goldin Finance 117. Later, the unfinished building became a sky-high symbol of the country's broader real estate problems, which stemmed from over-investment in real estate and reckless borrowing from developers. It is one of many unfinished real estate projects throughout China According to CNN, which cites Chinese state media, Goldin Finance 117 is now expected to be completed in 2027. The new financing details were not announced, though some experts believe that the government has invested and offered debt restructuring to help revitalize the building. '[Supertall skyscrapers] are not necessarily the most efficient projects and they are not necessarily making profits, but they are indicators,' Qiao Shitong, an author of two books about Chinese real estate and a law professor at Duke University School of Law, told CNN. 'By having this project revived and completed, the government at least hopes it can increase people's confidence.' It is unclear if Goldin Finance 117 will remain a mixed-used building, as originally planned, or if new investors will change its use. Though it was planned as China's tallest building, it will not hold this record when finished. Instead, it will be the country's third tallest, as Shanghai Tower, standing at 2,073 feet, was completed in 2015 and Ping An International Finance Center (1,966 feet) was finished in 2017. Originally Appeared on Architectural Digest More Great Stories From AD Not a subscriber? Join AD for print and digital access now. Inside Lenny Kravitz's Regal Paris Refuge Hanging Chairs Are the Ideal Spring Seating Tour a Rhode Island Barn Transformed Into a Studio for Two Artists
Scottish Sun
29-04-2025
- Business
- Scottish Sun
Fresh hope for Europe's tallest abandoned skyscraper as millionaire buyer on brink of snapping up 800ft half-built ruin
Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) HOPES for Europe's tallest abandoned building have been revived - after a real estate tycoon has been given more time to seal the deal. Dieter Becken, 75, has been given a few more weeks to secure the funds to buy and complete the unfinished Elbtower skyscraper in Hamburg, Germany. Sign up for Scottish Sun newsletter Sign up 4 The partially complete Elbtower currently stands 328ft tall in Hamburg, Germany Credit: Getty 4 Dieter Becken has tasked himself with finishing the skyscraper - envisioned to be 800ft tall Credit: Getty 4 Concept images show the plans for the skyscraper Originally slated to soar to 800 feet, the structure currently sits at a mere 328 feet. Becken now has until June 2025 to obtain the cash and finalise a deal to buy the tower, according to Hamburger Abendblatt. He previously had until the end of April but the insolvency administrator has now announced an extension. The administrator said: "This agreement is thus extended by the period necessary for the continuation and possible conclusion of the negotiations between the parties." The defiant millionaire said earlier this month: "I believe in this outstanding project." Construction on the ambitious project began in 2021. But the project was halted in 2023, after Austrian investor Rene Benko, 47, went bankrupt. The skyscraper is located in Hamburg's Hafen City district, near the city's famous Elbphilharmonie concert hall. The building was set to host a Nobu hotel and restaurant, risk adviser Aon and a local bank. If completed, the tower would be, by far, the tallest building in Hamburg and the third tallest in Germany. It will be 210 feet taller than the Gherkin and around 217 feet shorter than the Shard in London. The construction costs amount to 700 million euros (£587 million), according to estimates by PropertyEU. World's tallest skyscraper left half built & abandoned that stands 3x taller than Shard will be finally FINISHED by 2029 It comes as construction will be resumed on a giant skyscraper in China that has stood unfinished for nearly a decade. Work on Goldin Finance 117, nicknamed The Walking Stick due to its architectural shape, came to an abrupt halt in 2015 following the Chinese stock market crash. The "ghost-scraper" has loomed large over the northern city of Tianjin ever since. At a whopping 1,959 feet, it is nearly twice as tall as The Shard. But it won't get to claim the title as China's tallest building. Two bigger skyscrapers, the Shanghai Tower and Shenzhen's Ping An Finance Centre, have both been completed since. 4 The Elbtower, at 328ft tall, is Europe's tallest abandoned building
