{"id":6849,"date":"2010-12-06T04:12:25","date_gmt":"2010-12-06T04:12:25","guid":{"rendered":""},"modified":"2010-12-06T04:12:14","modified_gmt":"2010-12-06T04:12:14","slug":"China-s-skyscraper-boom-buoys-global-industry","status":"publish","type":"post","link":"https:\/\/asiancemagazine.com\/?p=6849","title":{"rendered":"China’s skyscraper boom buoys global industry"},"content":{"rendered":"

The 121-story Shanghai Tower is more than China’s next record-setting building: It’s an economic lifeline for the elite club of skyscraper builders.<\/p>\n

<\/strong>The U.S. high-rise market is “pretty much dead,” said Dan Winey, a managing director for Gensler, the Shanghai Tower’s San Francisco-based architects. “For us, China in the next 10 to 15 years is going to be a huge market.”<\/p>\n

China has six of the world’s 15 tallest buildings \u2014 compared with three in the United States<\/strong>, the skyscraper’s birthplace \u2014 and is constructing more at a furious pace, defying worries about a possible real estate boom and bust. <\/strong>It is on track to pass the U.S. as the country with the most buildings among the 100 tallest by a wide margin.<\/p>\n

“There are cities in China that most Western people have never heard of that have bigger populations and more tall buildings than half the prominent cities in the U.S.<\/strong>,” said Antony Wood, executive director of the Council on Tall Buildings and Urban Habitat at the Illinois Institute of Technology in Chicago.<\/p>\n

China is leading a wave of skyscraper building in developing countries that is shifting the field’s center of gravity away from the United States and Europe.<\/p>\n

<\/strong>India, Brazil, Saudi Arabia and Indonesia have ultra-tall towers under construction or on the drawing board. In the Gulf, Doha in Qatar and Dubai \u2014 site of the current record holder, the 163-story Burj Khalifa \u2014 each has three buildings among the 20 tallest under construction, though work on all but one of those has been suspended.<\/p>\n

The shift is so drastic that North America’s share of the 100 tallest buildings will fall from 80 percent in 1990 to just 18 percent by 2012,<\/strong> according to Wood. He said by then, 45 of the tallest will be in Asia, with 34 of those in China alone.
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