[QODLink]
Asia-pacific
Signs of trouble in China's soaring skyline?
Huge construction projects under way but analysts say empty buildings may point to trouble ahead.
Last Modified: 18 Mar 2012 08:52

China's strong consumer base has kept the country stable in times of global economic uncertainty.

But alternative economic indicators may now be pointing to tougher financial times for the world's second-biggest economy.

The country's towering skyline, made up of plenty of new but vacant buildings, is a sure indicator for many that it is heading for trouble.

Half of all the world’s skyscrapers currently under construction are in China.

And like New York in the run-up to the Wall Street crash of 1929, or Dubai before the 2008 financial collapse, analysts point to the link between building for pride and an impending economic fall.

Al Jazeera's Rob McBride reports from Hong Kong.

Source:
Al Jazeera
Topics in this article
People
Country
Featured on Al Jazeera
UNHCR says hundreds of people trapped in Yaloke town risk death if they are not evacuated to safety urgently.
'Justice for All' demonstrations swell across the US over the deaths of African Americans in police encounters.
Six former Guantanamo detainees are now free in Uruguay with some hailing the decision to grant them asylum.
Disproportionately high number of Aboriginal people in prison highlights inequality and marginalisation, critics say.
Featured
Long-standing dispute over Christian use of the word 'Allah' raises concerns about a very un-Merry Christmas.
The threat posed by ISIL has prompted thousands of young Kurds to join the PKK.
Baja California - with its own grim history of disappeared people - finds a voice in the fight against violence.
Russian feminist rockers fight system holding 700,000 - the world's largest per capita prison population after the US.
Weeks of growing protests against Muslims continue in Dresden with 15,000 hitting the streets last Monday.