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Archaeologists unearth a portrait of a king carved into stone in a 4,300-year-old Chinese Pyramid A team of archaeologists say they have found what could be the portrait of a king carved into stone at the foot of the 4,300-year-old Shimao Pyramid in Shenmu, Shaanxi province in northwest China. Shimao archaeological site is located in the northern part of the Loess Plateau, on the southern edge of the Ordos Desert. The site dates to about 2000 BC towards the end of the Longshan period and covers an area of about 400 ha. The walls at Shimao, the largest known walled...

December 5, 2011, 9:58 PM HKT Ominous Ordos: Dispatch from a Chinese Ghost Town Ordos – a town in the desert of Inner Mongolia – has become a symbol of the excesses of China’s real estate boom. Reports in the local press that property prices in the eeriest of China’s ghost towns had fallen 70% had China Real Time Report on the next plane out there. We found little evidence of a collapse in prices yet. But with sales volume sharply down that could be just around the corner. “You want to know why they were building all those houses...

By staff reporter Yu Zhixiang 10.14.2011 18:39 Ordos Property Developer Commits Suicide Wang Fujin of Zhongfu Real Estate Development Co. took his life and another co-owner of the property development firm Hao Xiaojian is now on the run (Beijing) – The owner of a property firm in the affluent Inner Mongolian city Ordos reportedly committed suicide after defaulting on private loans from individual lenders. In late September, Wang Fujin of Zhongfu Real Estate Development Co. took his life and another co-owner of the property development firm Hao Xiaojun is now on the run, China Business News reported on October 13,...