Beijing home to $160b worth of construction – William Mellor and Allen Cheng

From Bloomberg, via the Vancouver Sun:

219258-75660From his 16th-floor office on ’s Avenue of Eternal Peace, distressed-debt specialist Jack Rodman has a grandstand view of the $160-billion US worth of that will add the equivalent of three Manhattans to the skyline by 2008, when China’s capital will host the Olympic Games.

To the east, a new central business district is rising near a futuristic television tower designed by Dutch architect Rem Koolhaas. To the west, a Chinese Wall Street is taking shape around the glass-prism Bank of China Ltd. headquarters created in 2001 by Chinese-American architect I.M. Pei.



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