Posted inBeijingChengduChina

Sheffield pulls out of China deal; files reveal financial concerns

Following a major Asia Times investigation in October, the northern English city of Sheffield has announced that a Chengdu-based developer’s plan to transform its landmark town-center library building into a five star hotel has been shelved. The redevelopment, which was originally supposed to be part of a grandly ambitious £1 billion (US$1.34 billion), 60-year agreement […]