New Beijing: Reinventing A City As China emerges as the economic powerhouse of the 21st century, Beijing is experiencing the most rapid redevelopment since Haussmamn redesigned Paris in the 19th Century. Olympic crowds marvelled at the new face of Beijing as it unveiled an impressive array of symbols by some of the world’s best-regarded architects: the Watercube and Birds Nest, the National Theatre, the CCTV Tower and the Beijing Capital Airport.