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Anbang Insurance Group, which bought the famed Waldorf Astoria New York hotel in 2014 for .95 billion, has closed the landmark building for renovations that will turn it into a condominium/hotel.

And he seems to know how to get Indians to buy the book. "We have blown up the images as the book has many beautiful paintings and photos. And then we plan to hold an art exhibition based on this book to attract more publicity and more readers."

Anbang, based in Beijing, has engaged the expertise of consultants to oversee the preservation of several iconic Waldorf Astoria items, including the Cole Porter piano, the World's Fair Clock Tower, the Kennedy Rocking Chair and the MacArthur Desk.

Angela Zhu, country retail manager of Ikea Retail China, told China Daily in an interview in Shanghai, that the group would also enhance its distribution networks and e-commerce presence in the mainland.

An opinion piece in People's Daily urged investors to remain rational.