Restructuring of SOE hotels lagging
Stilt-walkers perform at the MGM Grand resort in Sanya, Hainan province. Diaoyutai MGM Hospitality, a joint venture between US-based MGM Hospitality and China's Diaoyutai State Guesthouse, is expected to boost the presence of ultra-luxury brands: Diaoyutai, Skylofts, and Bellagio by MGM. |
Despite central government instructions, large holdings still remain
Photo