Mainichi | February 10, 2011
...Bloomberg columnist William Pesek Jr. wrote an article saying that people's competition to gain height is sparking a new economic bubble that is bound to burst....
...there are 200 skyscrapers in Japan and 2,000 in Shanghai, but Pesek's article says 3,808 of 7,559 skyscrapers in the world are in China. People who see the cluster of high-rise buildings in Shanghai would certainly believe his assertion. If desire for extreme height and heated competition to build taller buildings are evidence of an economic bubble, then China is at risk...more...
