China-Hong Kong Project Set
After a false start eight years ago, foundations have been laid for a $380-million World Trade Center in Beijing that is the nation’s largest property development project, Chinese trade officials said today.
Officials of China’s Ministry of Foreign Economic Relations and Trade and its Hong Kong partner, Kerry Industrial Co. Ltd., said that by early 1989 the 30-acre site will contain two office buildings, two hotels, an exhibition hall, two apartment blocks and other facilities. In 1979, plans for a smaller version of the center to be built without foreign partners fell through.
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