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Mexico halts Chinese expo center

Wednesday, January 28, 2015

Mexican authorities have halted construction of a controversial exposition centre for Chinese goods near Cancún, saying the planned site isn’t appropriate for the project because it is home to protected mangroves and birds.

The developers of Dragon Mart Cancún, a $180 million project partially backed by Chinese investment, began clearing vegetation on 1,370 acres just south of Cancún in 2013 after securing some local and federal approvals. However, upon further inspection last year, Mexican environmental protection agency Profepa deemed the land unsuitable for development.

Source: Dow Jones