China Holdings, Inc. (Pink Sheets: CHHL), an asset
holding company engaged in land and real estate development in
China, announced today that the Company is developing 100 square
kilometers of land into “China Vegas - A New World Resort City” in
Inner Mongolia in the People’s Republic of China in the next 10
years.
China Holdings, Inc., as the Master Developer and the Master
Planner, controls 800 square kilometers of land in Inner Mongolia
in China. The Company has identified the central 100 square
kilometer land parcels as the first stage of development for
the “China Vegas – The New World Resort City” Development. The
first stage of land development will accommodate a population of
one million and provide a framework for future expansion to a
population of 5 million.
The Company is in the development of an overall urban
framework plan for the 100 square kilometer site, including: 1. A
City Framework Plan (100 km2): proposal city
growth area of one million people, resolved to a level
depicting general land uses, transportation networks, district
densities, open spaces, and retail, hotel, office/employment, and
industrial floor space distribution (Scale 1:10,000); 2.
Entertainment Precinct Plan (20 km2): A Master
Precinct Plan for the designated 20 km2 of the City Framework Plan
resolved to a detail depicting individual block parcels and
building footprints including land uses, floor space
densities, hotel rooms, office floor space, retail floor
space, industrial floor space, landscape and an open space concept
(Scale 1:2,500) and a statistical summary plan for the City
Framework; 3. Resort Center Plan (5 km2): A
detailed City Center Plan for 5 km2 central focus of
the Entertainment Precinct depicting a concept design for a
hotel, retail, and entertainment core. The City Center Plan
will depict a Phase I hotel and retail program along with a
conceptual parks, open space and recreational areas landscape plan.
(Scale 1:250).
China Holdings' - “China Vegas – The New World Resort City” -
Phase I Land Development will focus on the Resort City
Central 5 km2 Land Development (1-10 Yrs),
including the development of commercial buildings, office
buildings, residential development, shopping centers, casinos, and
golf courses as well as horse racing facilities and recreation and
entertainment facilities. The entertainment
destinations include: five-star hotels, themed casinos,
pedestrian skyways linking hotels to casinos, boutiques,
restaurants; Theatrical destinations include: Broadway-style
musical theater, Las Vegas-style floor shows, traditional Chinese
theater, international and Chinese movie premieres; The sports
destinations include: golf courses with a clubhouse and golf
academy and bordered by 250m2 to 500m2 villas, soccer field and a
soccer stadium, exhibition hall, stadiums suitable for Olympic
events, tennis courts, equestrian center, car and motorcycle
racing, horse race track.
China Holdings' - “China Vegas – The New World Resort City” -
Phase I Land Development: the Resort City Central 5
km2 Land Development will also have a
cosmopolitan flavor with the essential Chinese architecture
landmarks combining architecture from many of the world’s great
cities including Las Vegas, Paris, London, Rome, Venice, Vancouver,
Tokyo, New York and Hong Kong, etc.
China Holdings' - “China Vegas – The New World Resort City” -
100 Sq Km Land Development is located near an existing
brand-new airport, and served by advanced high-speed railway and
modern highways. All of the required basic infrastructure has been
built by the Chinese Government by the end of 2008.
Ms. Julianna Lu, the Founder and Chair of China Holdings, Inc.,
commented, “We are privileged to develop this 100 sq km land into
'China Vegas - A New World Resort City' in Inner Mongolia, China in
the next 10 years. As we are creating a world event, a world resort
city in China which will grow into billions & billions revenues
city in the next 10 to 20 years as magnificent opportunities &
contribution to The City, The People, China & China Economy,
and to The World & The World Economy.”
About China Holdings, Inc.
China Holdings, Inc. (Pink Sheets: CHHL), an asset
holding company, controls a total of 800 square kilometers of land
in Inner Mongolia, China. The Company engages in the land and real
estate development, energy, and renewable energy businesses in
China. The Company, through its subsidiary, China Power,
Inc., focuses on the mergers and acquisitions, investment,
research and development, construction, and operation of energy,
renewable energy, and environmental protection projects, as well as
developing renewable energy projects, pipelines in 2000 MW wind
power plants/projects, 250 MW biomass renewable energy
plants/projects, and hydropower plants in China and worldwide.
New versions of the corporate websites www.chinaholding.net,
www.chinaholding.us, and www.chinapower.us will be publicly
released soon.
Forward Looking Statement
Statements made in this press release are forward-looking and
are made pursuant to the safe harbor provisions of the Securities
Litigation Reform Act of 1995. Such statements involve risks and
uncertainties that may cause actual results to differ materially
from those set forth in these statements. The economic,
competitive, governmental, technological and other factors
identified in the Company's filings with the Securities and
Exchange Commission, including the Form 10-K for the year ended
December 31, 2008, may cause actual results or events to differ
materially from those described in the forward looking statements
in this press release. China Holdings, Inc. undertakes no
obligation to publicly update or revise any forward-looking
statements, whether because of new information, future events, or
otherwise.
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