Chinese luxury resort goes bankrupt as Niseko bubble collapses, Chinese money puts a damper on business

産経ニュース

Factuality

Ownership

A Chinese company involved in the development of the largest resort in Niseko, Hokkaido, has gone bankrupt. In recent years, the Niseko area has seen a steady rise in land prices and labor costs due to the influx of foreign capital, and the town has changed dramatically. However, a large project funded by Chinese money has fallen through, and the risks posed by foreign capital have become apparent. Locals...