Could world’s tallest building bring China to its knees?
11 years, 7 months ago

Could world’s tallest building bring China to its knees?

CNN  

Editor’s Note: One Square Meter explores the leading architectural designs, city plans and demand for property investment in emerging markets. Story highlights China's skyscraper boom to bring economic doom, if history is precedent China's Sky City will be world's tallest building in 2014 at 838 meters, besting Burj Khalifa Market crashes followed construction of Chrysler Building, Petronas Towers, Burj CIMB's Lawrence: Economic busts tend to occur after large credit expansion like in China Hong Kong CNN — If the Skyscraper Index maintains its track record, then China should steel itself for economic collapse. “The Skyscraper Index has a good 150-year correlation between the world’s tallest buildings and economic slowdowns and recessions,” says Andrew Lawrence, pioneer of the Skyscraper Index and head of Hong Kong and China property research at CIMB Group. “For China, there is no reason that correlation will change.” China starts work on world’s tallest building According to the Skyscraper Index, the opening of every single “world’s tallest” building in the past century has coincided with an economic downturn in that country. As skyscrapers rise, markets fall “China will be building over 40% of the world’s skyscrapers over the next four years so clearly there’s a building bubble,” says Lawrence.

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