In the past year, China completed just 56 new skyscrapers, down more than 38% from the preceding year
in China dropped sharply in 2019, according to data released by the Council on Tall Buildings and Urban Habitat on Thursday.
China still accounted for almost half of new completions worldwide, including six of the year's 10 tallest new towers. But the country's total was at its lowest since 2013, according to the CTBUH's annual report on globalThe data presents a stark contrast to 2018, when China set a new record for the most skyscrapers ever built by a country in a single year.
"We do know, as a general trend, that a lot of these projects were initiated with a good deal of debt."Credit:There are signs that the building boom may have outstripped demand in parts of China. Take Tianjin, for instance, which is responsible for this year's tallest skyscraper -- the 530-meter Tianjin CTF Finance Centre, now the world's eighth highest.
"There may have been some effort from the top to say 'let's cool things down a bit,'" Safarik said, adding that many tall buildings in China are"constructed by or developed by -- or, in some cases, both -- state-owned or heavily state-controlled companies." "Considering the time needed to plan, construct and promote a super-tall building, I don't see an issue of having in the coming years for those cities that already had one recently."
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