News

Residents: giant, $11M copper ‘puffer’ tower is fishy

Residents: giant, $11M copper ‘puffer’ tower is fishy

SHEER SCALE: A viewing tower in the shape of a giant copper puffer fish is seen under construction on the banks of a river in Yangzhong county, Jiangsu province Sept. 21, 2013. Photo: Reuters

BEIJING (Reuters) – A Chinese viewing tower in the shape of a giant, copper puffer fish has raised an online huff about the latest in a series of bizarre and extravagant targets of state investment.

Encased in 8,920 copper plates and built at a cost of around 70 million yuan ($11.4 million), the tower on an island in Yangzhong county, eastern Jiangsu province, hovers 15 storeys above ground.

The government has often been criticized for wasteful investment to power the world’s No. 2 economy. Beijing acknowledges the problem and wants consumption to overtake investment as a driver of growth.

Residents who welcome the fish tower say it improves the county’s image. Less enthusiastic residents question whether such expensive and impractical buildings are needed.

“To spend so much money on something so meaningless, I really admire these ‘wealthy’ people,” Mother988 said on Sina Weibo, China’s version of Twitter, with apparent heavy irony.

The People’s Daily, the Chinese government’s main mouthpiece, acknowledged that the construction had polarized opinion.

“Once this giant puffer made its appearance, it caused a heated debate online,” it said.

Public records show Jiangsu’s local government bodies are the most indebted in the country.

Jiangsu says its debt is manageable, but took steps this week to rein in risk by announcing plans to control land sales, becoming the first Chinese government to do so.

Yangzhong aims to promote the tower as the world’s biggest metal construction in terms of volume, The People’s Daily said.

Central Henan province drew controversy in 2011 when a state-backed charity tried to build an eight-storey sculpture of Song Qingling, second wife of modern China’s founding father Sun Yat Sen. Construction was scrapped half-way through.

The eastern province of Zhejiang also came under the spotlight after it modeled one of its city court houses on Capitol Hill.($1 = 6.1 yuan)

Latest Headlines

39 mins ago in Music

Paul McCartney says he almost quit music in the early ’70s

Fresh
paulmccartney

In a new interview, the rocker reveals he went wild in the years after the Fab Four called it quits, and his band Wings helped him straighten out and rediscover his love for music.

43 mins ago in Entertainment

Tyler Perry moving to a farm

Fresh
tylerperry942732378140

The actor and filmmaker is planning to turn his new home in Georgia into a farm after cashing in on the record-breaking sale of his Atlanta mansion.

53 mins ago in Lifestyle

Kicking the habit: Adult smoking rate in U.S. is falling fast

Fresh
cigarettes16137527645580

The smoking rate among U.S. adults has been falling steadily for decades but the latest survey from the Centers for Disease Control and Prevention finds the 2015 decline is the biggest in more than 20 years.

1 hour ago in Entertainment

WATCH: Hank Azaria doesn’t give a commencement address – he gives a performance

Fresh
10-overlay-8

"The Simpsons" star brings out some of his classic animated characters to address the graduates of Tufts University.

1 hour ago in Entertainment

Facebook changes policies on ‘Trending Topics’ after criticism

Fresh
facebookREUTERS

Facebook Inc said on Monday that it had changed some of the procedures for its "Trending Topics" section after a news report alleging it suppressed conservative news prompted a U.S. Congressional demand for more transparency.