Remember "The World" at Dubai?

The Chinese were inspired to create their own version of "The World" in Tianjin, a city near Beijing.

Construction for the $3 billion plus project called "Xingyao Wuzhou" started in 2008, but it is unclear when it will be finished.

Some residential buildings are already open, but most of the office buildings and most extravagant architecture has yet to be completed.

Rumors of bankruptcy were denied by Xingyao Investment Limited vice president Yang Wen-chi, though he said the company was facing some financial pressure.

One of the project's major lenders, CITIC, is also cutting back its property loans in general, and it is looking to restructure Xingyao Wuzhou's debts.

Xingyao Wuzhou literally translates to "Shining Star over Five Continents." Once finished, it will be a complete luxury neighborhood with 7-star hotel, yacht club, the world's largest indoor ski venue, and a museum of world monuments, complete with Eiffel Tower and Golden Gate Bridge.