When I visited China for the first time last year, I remarked on the new building sprouting up around Beijing. Too bad I didn't see Shanghai, where the scale of building is almost unimaginable:
Move over, New York. This year alone, Shanghai will complete towers with more space for living and working than there is in all the office buildings in New York City. That is in a city that already has 4,000 skyscrapers, almost double the number in New York. And there are designs to build 1,000 more by the end of this decade.
If you are interested in this, you should view the NYT's interactive feature on "China's Real Estate Boom." Very informative.
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1. Posted by foreclosure lawyer on August 25, 2011 @ 19:20 | Permalink
I just hope that China had looked at what happened to the US Economy after the so called Economic boom.
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