Beijing News You Might Have Missed This Week, Mar 2
Beijing is a happening city! Don't miss a thing with our weekend roundup of the latest news.
Beijing City Library Unveils a New Cultural Epoch: The newly inaugurated Snøhetta Beijing City Library heralds a fresh chapter for Beijing’s cultural landscape, offering a state-of-the-art hub for literary enthusiasts and knowledge seekers, reports Arch Daily. Touted as one of 2024's landmark projects, this architectural marvel boasts the world's largest climate-controlled reading area, alongside a suite of amenities designed to establish the library as a bustling nucleus of culture in the heart of the city. Secured by Snøhetta in an international bid in 2018 and brought to fruition in collaboration with local ally ECADI, the library's launch marks a significant milestone in Beijing's ongoing cultural development
Beijing's Market Rallies With Post-Holiday Sales Surge: Following the Spring Festival holiday, Beijing's secondhand housing market has witnessed a significant rebound in transaction volume, offering buyers greater negotiating leverage, reports China Daily. According to a Securities Daily report on Thursday, the post-holiday period saw a surge in activity within the capital's property scene.
During the eighth week of 2024, from Feb 19 to 25, Beijing not only recovered but led the rise among 12 key monitored cities, with secondhand residential housing transactions soaring to 1,831 units — a sharp increase from the meager 100 units recorded the previous week, as per Zhuge Real Estate Data Research Center's data. This uptick in Beijing's market was mirrored in other major cities like Shanghai and Chengdu where the transaction volume for the same week surpassed an impressive 2,000 units in each city.
Beijing Prepares for Athletic Encore With 2027 Championships: Following deliberations by its council in Scotland, the announcement came just before Glasgow's staging of the World Athletics Indoor Championships, which started on Mar 1 and will run until Mar 3, reports Global Times. This 2027 event will be a remarkable encore for Beijing, which previously welcomed the world's top athletes for the same championships in 2015. The city is no stranger to the global sports stage, having successfully hosted the 2008 Olympic Games, an event that significantly enhanced its athletics infrastructure. The iconic Olympic Stadium, a colossal 80,000-seat arena constructed for the 2008 Games, is poised to be the centerpiece venue for the championships, showcasing Beijing's enduring legacy as a hub for athletic excellence.
READ: Beijing News You Might Have Missed This Week, Feb 24
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