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PwC China stops work on $140mn campus as Evergrande crisis mounts

Lavish training institute on tropical island under review as firm reels from fallout from its audits of failed property developer
Work began last year on the site at Haitang Bay, a tourist hub in the city of Sanya in China’s Hainan Province

PwC has halted construction of a lavish campus in China that it planned to use as a training institute for “building trust in leadership”, amid mounting fallout from its audits of bankrupt property group Evergrande.

Work on the “Reimagine Park” at Haitang Bay on China’s tropical island of Hainan began last year, but was stopped in recent weeks, according to one person close to the firm and workers on the site and a neighbouring project. The project is under strategic review, another person briefed on the matter said.

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