Those who are unaware that China is headed for a depression will be surprised I guess. Those paying attention ought not to be. Apparently China is the only place there is currently any action in the ridiculously-tall skyscraper industry. That's swell for the people getting paid to work on the towers, but not so great for anyone after they're done.
In case you missed it, not only does China have a surplus of see-through buildings, there was an entire city built where nobody lives. China is only not in a real-estate crash right now because they are extend-and-pretending like everybody else did whose markets have already crashed. Once these new skyscrapers are complete, the developers will be bankrupted because nobody will use the buildings. The towers will remain largely tenant-free for the foreseeable future, like the other new buildings in China.
China is going down, hard, soon. If you have your money over there building record-setting skyscrapers, there is no time like the present to pull it out. If someone tries to sell you Chinese skyscraper company stock, walk away.
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