A big-city heart beats again
By Lia Zhu | China Daily | Updated: 2017-07-01 08:18
Downtown Los Angeles is undergoing its largest construction boom in modern times, and foreign investment, especially from Chinese developers, is adding thousands of residences and construction jobs, as well as restaurants, retail stores and entertainment venues, reports Lia Zhu from Los Angeles
It can be seen in the numbers: At least 20 skyscrapers are being built; more than 5,000 condos are under construction; and 46,000 new jobs are expected from 2015 to 2020 in the hospitality and tourism industry.
Downtown Los Angeles is undergoing a rejuvenation, and Chinese property developers are playing a major role.
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