Construction on Sheldon Adelson's Venetian Hotel/Casino. Adelson's bit of the Cotai strip will be a kind of giant enclosed and air conditioned biosphere that includes the Venetian, a half dozen casinos, a huge shopping arcade, a huge conference and exhibit area and meeting and banquet spaces galore
| Follow Fortune Asia Editor Clay Chandler's travels through the Chinese business world on his blog. (more) With $1.2 trillion in reserves, most of it in dollar-backed assets, China plans to launch the world's largest investment fund. It could play havoc with the U.S. economy. (more) |