Shanghai tower faces a six-month construction delay: Mori insists it will proceed with 94-story building despite protracted talks with contractor

Article Abstract:

The Mori Buildng Co. is still optimistic about the construction timetable of its Shanghai World Financial Center building despite negotiation delays with the building's contractor Shimizu Corp. Mori is optimistic of the prospects of the 94-story building, which has become the centerpiece of the newly acquired business growth of the Pudong district, as well as of the whole Shanghai. Mori estimates the building's costs at around 75 bil yen ($580 mil). A number of building developments in the region has been affected by the Asian currency crisis, where work has either downscaled or stopped.

Administration of General Economic Programs, Building, Developing, and General Contracting, GENERAL BUILDING CONTRACTORS, Private Building Construction, Foreign Trade Zones, Construction industry, Foreign operations, Construction, Buildings and facilities, Buildings, Central business districts, Mori Building Company Ltd.

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Chinese deal with Europe is clear message to U.S

Article Abstract:

Analysts believe that China's recent announcement of plans to build a commercial jet with French aircraft manufacturer Aerospatiale sends a clear warning to the US of the economic consequences of its continued interference with China's domestic policies. Although the deal has not been finalized, the announcement gives Aerospatiale an edge over US firms Boeing Co. and McDonnell Douglas Corp. which are also bidders for the said project.

United States, Chinese foreign relations, United States foreign relations

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