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China's circular building reaches completion

Sunday, December 29, 2013 - 01:27

Dec. 29 - An upright circular building, designed to resemble a jade disc is completed in southern China, but some people dismiss it for being a symbol of material wealth. Sarah Toms reports.

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This unusually shaped building in southern China is the latest innovation of architect Joseph di Pasquale. Just completed, John Ma, the China manager of architecture firm A.M. Progetti said the building was inspired by an ancient jade coin and it would become a landmark of Guangzhou city. (SOUNDBITE) (Mandarin) JOHN MA, MANAGER OF A.M. PROGETTI, SAYING: "A jade disc isn't just beautiful, it also represents power, wealth and fantasy in traditional Chinese culture. It's an expression of people's good wishes." The reflection of the building forms a figure eight -- a lucky number in China. The squares inside the building also reference the impossibility of putting a circle inside a square. But the building -- known as Guangzhou circle -- has also been criticised for being a crass symbol of wealth and it's been nicknamed the "Copper Coin". (SOUNDBITE) (Mandarin) UNIDENTIFIED LOCAL RESIDENT SAYING: "It's quite unusual. I'm quite intrigued to see a building with a circular hole in the middle. Personally, I think it's for the flashy rich people." It will house the Guangdong Plastics exchange where nearly 50 billion dollars worth of raw plastic materials and goods are traded annually. Plastics and chemical firm Hongdaxingye Group initially poured 16.5 million dollars into the iconic building and surrounding warehouses. But the company doesn't have a final pricetag for the five-year-project.

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China's circular building reaches completion

Sunday, December 29, 2013 - 01:27