Scrambling For A Berth In ChinaBy
From the 37th floor of the China World Hotel, patrons used to look out on downtown Beijing's sprawl from a British-style pub. Recently, the hotel tore it out--as well as several other top-floor restaurants--and put in offices, completed this month. The pub fell victim not to communist xenophobes but to Western executives craving space for their China operations. Demand for offices is also surging at the Holiday Inn Lido Beijing. Even though it expanded its nearby office tower in July, it still can't keep up. "We have 100 companies on a waiting list," says Michael Yuan, the Lido's deputy public-relations manager.
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