China’s skyscraper index literally crumbles

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Readers will recall the Skyscraper Index, that colossal monument to human folly which so often predicts imminent recession for those that dare build to the heavens. In China, it is literally crumbling:

  • The US consulate has warned Americans to steer clear of a shaking Shenzon skyscraper.
  • There was no earthquake.
  • Shenzen has 297 buildings above 150m.

I am sure that many an Australian body corporate on the end of Chinese construction methods and materials can sympathise.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.