The economic stimulus of China has focused billions of dollars on building skyscrapers. Some wonder whether a building bust may soon follow.
"Much of the $1.4 trillion in loans made by Chinese banks last year-with considerable encouragement from officials aiming to boost growth-was spent on skyscrapers and other commercial property. Now empty buildings are sprouting across the mainland. Beijing had an office vacancy rate of 22.4% in the third quarter, the ninth-highest of 103 markets tracked by broker CB Richard Ellis (CBRE) (CBG). That figure doesn't include projects about to open, such as the 74-story China World Tower 3, Beijing's tallest building. 'There's a monumental property bubble and fixed-asset investment bubble under way,' says James Chanos, founder of New York hedge fund Kynikos Associates. 'And deflating that gently will be difficult at best.'"
Officials are calling on banks to ease off lending for such large building projects, fearing a possible collapse of the overinflated building market.
FULL STORY: The Building Bubble in China
Envisioning the Chicago Skyline of the Near Future
An already impressive skyline will be gaining some very tall additions by 2023.
The Dramatic Evolution of Toronto's Skyline
An image comparing the present day with Toronto from only 13 years ago has some comparing the Canadian city to New York in the 1920s.
Bank Rule Change Could Help Struggling Neighborhoods
A new rule proposed by federal regulators would allow bank investments made for neighborhood stabilization efforts and donations of foreclosed properties to be count towards compliance with the Community Reinvestment Act.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Congressman Proposes Bill to Rename DC Metro “Trump Train”
The Make Autorail Great Again Act would withhold federal funding to the system until the Washington Metropolitan Area Transit Authority (WMATA), rebrands as the Washington Metropolitan Authority for Greater Access (WMAGA).
The Simple Legislative Tool Transforming Vacant Downtowns
In California, Michigan and Georgia, an easy win is bringing dollars — and delight — back to city centers.
The States Losing Rural Delivery Rooms at an Alarming Pace
In some states, as few as 9% of rural hospitals still deliver babies. As a result, rising pre-term births, no adequate pre-term care and "harrowing" close calls are a growing reality.
The Small South Asian Republic Going all in on EVs
Thanks to one simple policy change less than five years ago, 65% of new cars in this Himalayan country are now electric.
DC Backpedals on Bike Lane Protection, Swaps Barriers for Paint
Citing aesthetic concerns, the city is removing the concrete barriers and flexposts that once separated Arizona Avenue cyclists from motor vehicles.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
Smith Gee Studio
City of Charlotte
City of Camden Redevelopment Agency
City of Astoria
Transportation Research & Education Center (TREC) at Portland State University
US High Speed Rail Association
City of Camden Redevelopment Agency
Municipality of Princeton (NJ)