The Chinese developer behind an eight-storey clubhouse with a billion-dollar view over Shanghai’s Huangphu River is turning to lower-end coffee shops and restaurants to fill the space, as a broad anti-graft campaign puts the brakes on conspicuous spending.
Open this photo in gallery: A man walks in the Block 11 area at Huangphu River in Shanghai on May 25, 2014. CARLOS BARRIA/Reuters
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Open this photo in gallery: The state-of-the-art, steel and glass building was originally designed as a playground for China's elite, but a corruption crackdown unnerved many wealthy Chinese who now shy from the limelight. CARLOS BARRIA/Reuters
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Open this photo in gallery: People walk around the streets of Shanhai’s Huangphu River. CARLOS BARRIA/Reuters
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Open this photo in gallery: Street view of the Block 11 area at Huangphu River in Shanghai. CARLOS BARRIA/Reuters
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Open this photo in gallery: The decision to target middle-market consumers comes amid a crackdown on official corruption and extravagance in China. CARLOS BARRIA/Reuters
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Open this photo in gallery: The Chinese developer behind an eight-storey club house with a billion dollar view over Shanghai's Huangphu River is turning to coffee shops and restaurants to fill the space, as a broad anti-graft campaign puts the brakes on conspicuous spending. CARLOS BARRIA/Reuters
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Open this photo in gallery: A woman walks along Block 11 area at Huangphu River in Shanghai on May 25, 2014. CARLOS BARRIA/Reuters
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