While most countries are suspending construction on tall high-rises due to a fumbling economy and financial crisis, China is on a predicted pace to claim 34% of the world’s 100 tallest buildings in the next few years. This will surpass the United States by a massive margin! The skyscraper was born in America and in 1990 was home to 80% of the world’s tallest buildings. This number drops to 12% by the year 2012 at the current pace.
The Chinese economy is bouncing back and construction continues on high-rises at a staggering rate. With overcrowded downtown areas and a massive amount of people in small spaces, China is building up. Chinese leaders want to be recognized as worldwide commercial centers and believe stunning architecture can help accomplish this. High-end office space is in high demand both for local and foreign businesses in China so the worry that office space will remain vacant is moot. Right now 4 of the 10 tallest buildings under construction are in China.
AP Shanghai Tower
