Is China Headed For a Bust?

Analyst Vikram Mansharamani thinks China's construction bubble is going to burst, and he says the number of skyscrapers going up in the country is a clear indicator.

Mansharamani has developed a method of predicting construction booms and busts, and the building of skyscrapers is high on his list.

Reporter Daniel Gross talked with Mansharamani:

"Tall buildings aren't just symbolic of reckless ambition. 'Skyscrapers are manifestation of easy money, overconfidence, and hubris,' he says. And they are excellent indicators of a top."

Mansharamani equates the skyscraper boom with the Dutch tulip mania of the 17th century.

Full Story: Look Out Below: Why Skyscrapers are Classic Bubble Indicators

Comments

Prepare for the AICP Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $199
Planetizen Courses image ad

Planetizen Courses

Advance your career with subscription-based online courses tailored to the urban planning professional.
Starting at $16.95 a month
Book cover of the Guide to Graduate Planning Programs 2012

Thinking about Grad School?

You need the essential resource for prospective planning students
Starting at $24.95

Stay thirsty, urbanists

These sturdy water bottles are eco-friendly and perfect for urbanists on the go.
$19.00