A 28-floor buildi­ng was put up for auctio­n at a starti­ng price of 219 millio­n yuan by a local courtBEIJING: A Chinese court is auctioning a skyscraper on the country’s largest e-commerce website – with a sky-high starting price of 553 million yuan ($84.2 million). Collaboration: Chinese firms to help design furnitureBut the project was suspended due to lack of funding after major construction work was completed in 2010, according to a statement by the Shanxi Provincial Higher People’s Court, Xinhua said. Photos of a dimly-lit underground parking lot and unfinished building interior with dusty floors piled with construction materials were posted by the court on the auction page. Almost all Chinese courts have set up accounts on Taobao’s judicial auction platform for more efficient and transparent handling of assets seized in lawsuits, according to Xinhua. Chinese diplomats, army chief discuss regional securityIn November, a 28-floor building was put up for auction at a starting price of 219 million yuan by a local court in northeastern Zhejiang province.

Source: The Express Tribune December 26, 2017 13:07 UTC