That has been there a long time now. I remember spending a summer in Beijing while in college in the late 20th century. Some of my friends and I would hang out there on occasion because it was a truly first world retreat in what was then a hectic, chaotic, not-quite-first-world city. There was a Paulaner Brauhaus, a Kempinski, a shopping center, an Italian restaurant, and a western clinic with western doctors and western medicines.
It sure brings back memories!