China is Shining

[HomrQT]

Article - China's skyscraper boom buoys global industry

http://news.yahoo.com/s/ap/as_china_skyscraper_empire

Financial gloom has derailed plans for new towers in Chicago, Moscow, Dubai and other cities. But in China, work on the 2,074-foot (632-meter) Shanghai Tower, due to be completed in 2014, and dozens of other tall buildings is rushing ahead, powered by a buoyant economy and providing a steady stream of work to architects and engineers.
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."
China has six of the world's 15 tallest buildings — compared with three in the United States, the skyscraper's birthplace — and is constructing more at a furious pace, defying worries about a possible real estate boom and bust. It is on track to pass the U.S. as the country with the most buildings among the 100 tallest by a wide margin.
"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.," said Antony Wood, executive director of the Council on Tall Buildings and Urban Habitat at the Illinois Institute of Technology in Chicago.

-from yahoo news