Part 4/8:
Despite outward appearances, deep-seated financial issues loomed. By July 2018, whispers of financial trouble began circulating as construction stalled, only to resume briefly under scrutiny. In January 2019, Oceanwide announced a temporary construction pause for recapitalization, although the signs were clear that serious difficulties were brewing at the company's core.
Legal battles ensued with contractors, and a trade war between the U.S. and China made investments more challenging. By 2020, Oceanwide Holdings filed for bankruptcy in Bermuda, leading to dire conditions for Oceanwide Plaza. As years passed, the site fell into relative dormancy, overshadowed by broken promises and disillusionment.