Chinese ambitions for London's derelict docks
Xu Weiping plans to turn Royal Albert Dock into trading hub for Chinese firms
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[LONDON] Known for ambitious plans in China for business parks the size of cities, Xu Weiping has said that he cannot wait to start work on his first project abroad: turning an abandoned London shipyard into Europe's main hub for Chinese companies.
"I'm a man with a vision and the ability to turn my dream into reality," he said.
Last year, Mr Xu agreed to invest US$1.6 billion to turn London's derelict Royal Albert Dock back into a vibrant global trading hub. But instead of ships, he is betting on Chinese companies that are seeking a foothold in Europe.
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