China is planning to build its own version of Michael Jackson’s Neverland Ranch on an island near Shanghai, it emerged today.

IRISH property company China Real Estate Opportunities Limited has seen its property holdings in China increase in value to €872.4 million, an increase of €70m in just six months.

DUBLIN-based Treasury Holdings yesterday announced a €1.2 billion joint venture to develop a 900-acre island site off the coast of China.

AUTHORITIES in Shanghai have suspended work on a Universal Studios theme park as China slows down major building projects in an effort to cool off surging economic growth.