It was built under a contractual agreement that came to be known as Build_Operate_Transfer, a means of building and operating joint ventures with local authorities in China.
This arrangement allowed a foreign partner to build a facility at its own expense, operated it for an agreed length of time to generate a return on its investment, then hand it over to a local partner at no cost.
The 4_star, 1,200 room hotel that pioneered this arrangement was at the time the largest and most modern hotel in mainland China. Located in the commercial district, China Hotel is a popular choice to business travelers.
China Daily, July 13, 2005 - China's foreign trade continued its robust growth in the first half of this year, but is expected to encounter obstacles in the coming months.
China Daily, April 28, 2005 - The Communist Party of China (CPC) and the Kuomintang (KMT) Party, whose leader Lian Chan has just arrived in Beijing today in a historial visit, are reportedly to end decades of hostilities at a meeting between their leaders on Friday, Reuters reported.
China is beginning a very different cultural revolution with the launch of language centres around the world.
ChinaHotels - ChinaHotel Reservation for Hotels in Hong Kong, Macau, Beijing, Shanghai, Guangzhou, Shenzhen.
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