Restructuring of SOE hotels lagging
By Yang Cheng and Li Yang | China Daily | Updated: 2012-07-04 08:09
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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
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