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Farrells wins Chinese tower job amid growth slowdown

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TFP Farrells has won an international contest for a major skyscraper scheme in Xiamen as official data confirms Chinese economic growth is weakening

The Hong Kong branch of Terry Farrell’s practice was picked by developer Winland Group for the high-profile Xiamen Cross Strait Financial Centre project.

Located in the coastal city’s emerging business district, the scheme features four ‘super high-rise towers’ overlooking nearby Taiwan and Kinmen Island.

Featuring around 500,000m² of retail space, the development also includes a 5-star hotel, offices and serviced apartments. A 150 metre-high sky lobby, rooftop viewing deck and infinity pool will also feature.

TFP Farrells director Stefan Krummeck said: ‘Our design provides a dramatic visual impact, ensuring the breathtaking view of the coast of China is maximised.’

The appointment coincides with the announcement of official data confirming Chinese economic growth has slowed to a six-year low of 6.9 per cent.

Although higher than predicted the figures are the lowest since the first quarter of 2009 when output fell to 6.2 per cent in the midst of the global recession.

Concerns over the world’s second largest economy saw billions wiped off the value of global stock markets early last month. The FTSE 100 fell around a quarter of a point this morning but has since recovered.

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