Page 224 - 2019 White Paper on the Business Environment in China
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9 White Paper on the Business Environment in China
buildings over 325 meters tall under construction and Works Cited
over 60 more proposals currently under consideration.
The JW Marriott Hotel Chongqing is the tallest hotel, “100 Tallest Completed Buildings in the World.” The
and the Canton Tower is the second largest freestanding Skyscraper Center, Council on Tall Buildings and Urban
tower in the world (100 Tallest). China broke a record in Habitat, 2018, www.skyscrapercenter.com/buildings.
2015 when it built a 57-story building in only 19 days
(Meng). No other country reaches for the sky more, and “Administrative Approval Time for Construction
apparently faster, than China. Projects Halved.”The State Council of the People’s Republic
of China, english.gov.cn/premier/news/2018/08/06/
In 2017 China saw the construction of 144 high-rises content_281476250618851.ht
of more than 200 meters (660 feet) in height, including 15
towers over 300 meters (980 ft), according to the Council Block, India. “Work Begins on World’s Second Tallest
on Tall Buildings and Urban Habitat. The city of Shenzhen Skyscraper in Shenzhen.” Dezeen, Dezeen, 16 May 2018,
is a particular tall-building hotspot. Shenzhen’s Ping An www.dezeen.com/2018/05/16/skyscraper-architecture-
Finance Center is the tallest all-office building, andThe East china-shimao-shenzhen-hong-kong-international-centre/.
Pacific Center Tower A is the twelfth largest all-residential
building (100 Tallest). Shenzhen’s skyline now includes 11 Bloomberg. “China’s Infrastructure Binge Is Set for a
of the 128 tall towers built in in 2017. That number was Major Slowdown.” Bloomberg.com, Bloomberg, 4 Dec.
more than the entire US, and at least twice the number 2017, www.bloomberg.com/news/articles/2017-12-04/
of any other Chinese city (Jezard). Furthermore, in almost china-infrastructure-binge-seen-slowing-in-2018-as-
every sense of the word, construction is underway on debt-curbed.
the 668-meter-high Shimao Shenzhen-Hong Kong
International Centre. The skyscraper is set to rise above “A Bridge so Far: China’s Controversial Megaproject.”
China’s current tallest building—the 632-meter-high Phys.org - News and Articles on Science and Technology,
Shanghai Tower—which is also currently the world’s Phys.org, 29 Mar. 2018, phys.org/news/2018-03-bridge-
second tallest building behind SOM’s 828-meter Burj china-controversial-megaproject.html.
Khalifa in Dubai (Block).
Chen, Xueliang. “Property Prices Continue To Surge In
The reason for the Shenzhen’s attractiveness is due to its China Despite Government Cooling Measures -- Here’s
designation in the 1980s as a special economic zone. The Why.”Forbes, Forbes Magazine, 14 May 2018, www.forbes.
need for office space and accommodation for businesses com/sites/nusbusinessschool/2018/05/07/property-
and workers trying to make the most of its competitive prices-continue-to-surge-in-china-despite-government-
advantages has powered the city’s vertical growth. cooling-measures-heres-why/.
However, the Chinese construction sector overall has been
an enticing draw for non-domestic lenders, attracting “China Partners With World Green Building Council.”
around US$4 billion in inward investment, with Taiwan, CleanTechnica, Important Media Network, 4 Apr. 2018,
France and the US being among the biggest bettors on cleantechnica.com/2018/04/04/china-partners-with-
the sector, according to fDi Markets, a Financial Times world-green-building-council/.
company that monitors financial speculation in global
markets. In 2016, Shenzhen topped the list of Chinese cities “Construction Industry in China 2018: Analysis
with both the fastest-rising property prices and number of & Forecasts 2013-2022 by Value and Volume -
inhabitants, having enjoyed a population increase of more ResearchAndMarkets.com.” Business Wire, Birkshire
than 6000% between 1985 and 2015 (Jezard). Hathaway Co., 10 Apr. 2018, www.businesswire.com/
news/home/20180410006105/en/Construction-
Industry-China-2018-Analysis-Forecasts-2013-2022.
Cushman & Wakefield. U.S. - China Trade Tensions:
Potential Impact on China’s Commerceial Property
Market. Cushman & Wakefield, 2018.
224
buildings over 325 meters tall under construction and Works Cited
over 60 more proposals currently under consideration.
The JW Marriott Hotel Chongqing is the tallest hotel, “100 Tallest Completed Buildings in the World.” The
and the Canton Tower is the second largest freestanding Skyscraper Center, Council on Tall Buildings and Urban
tower in the world (100 Tallest). China broke a record in Habitat, 2018, www.skyscrapercenter.com/buildings.
2015 when it built a 57-story building in only 19 days
(Meng). No other country reaches for the sky more, and “Administrative Approval Time for Construction
apparently faster, than China. Projects Halved.”The State Council of the People’s Republic
of China, english.gov.cn/premier/news/2018/08/06/
In 2017 China saw the construction of 144 high-rises content_281476250618851.ht
of more than 200 meters (660 feet) in height, including 15
towers over 300 meters (980 ft), according to the Council Block, India. “Work Begins on World’s Second Tallest
on Tall Buildings and Urban Habitat. The city of Shenzhen Skyscraper in Shenzhen.” Dezeen, Dezeen, 16 May 2018,
is a particular tall-building hotspot. Shenzhen’s Ping An www.dezeen.com/2018/05/16/skyscraper-architecture-
Finance Center is the tallest all-office building, andThe East china-shimao-shenzhen-hong-kong-international-centre/.
Pacific Center Tower A is the twelfth largest all-residential
building (100 Tallest). Shenzhen’s skyline now includes 11 Bloomberg. “China’s Infrastructure Binge Is Set for a
of the 128 tall towers built in in 2017. That number was Major Slowdown.” Bloomberg.com, Bloomberg, 4 Dec.
more than the entire US, and at least twice the number 2017, www.bloomberg.com/news/articles/2017-12-04/
of any other Chinese city (Jezard). Furthermore, in almost china-infrastructure-binge-seen-slowing-in-2018-as-
every sense of the word, construction is underway on debt-curbed.
the 668-meter-high Shimao Shenzhen-Hong Kong
International Centre. The skyscraper is set to rise above “A Bridge so Far: China’s Controversial Megaproject.”
China’s current tallest building—the 632-meter-high Phys.org - News and Articles on Science and Technology,
Shanghai Tower—which is also currently the world’s Phys.org, 29 Mar. 2018, phys.org/news/2018-03-bridge-
second tallest building behind SOM’s 828-meter Burj china-controversial-megaproject.html.
Khalifa in Dubai (Block).
Chen, Xueliang. “Property Prices Continue To Surge In
The reason for the Shenzhen’s attractiveness is due to its China Despite Government Cooling Measures -- Here’s
designation in the 1980s as a special economic zone. The Why.”Forbes, Forbes Magazine, 14 May 2018, www.forbes.
need for office space and accommodation for businesses com/sites/nusbusinessschool/2018/05/07/property-
and workers trying to make the most of its competitive prices-continue-to-surge-in-china-despite-government-
advantages has powered the city’s vertical growth. cooling-measures-heres-why/.
However, the Chinese construction sector overall has been
an enticing draw for non-domestic lenders, attracting “China Partners With World Green Building Council.”
around US$4 billion in inward investment, with Taiwan, CleanTechnica, Important Media Network, 4 Apr. 2018,
France and the US being among the biggest bettors on cleantechnica.com/2018/04/04/china-partners-with-
the sector, according to fDi Markets, a Financial Times world-green-building-council/.
company that monitors financial speculation in global
markets. In 2016, Shenzhen topped the list of Chinese cities “Construction Industry in China 2018: Analysis
with both the fastest-rising property prices and number of & Forecasts 2013-2022 by Value and Volume -
inhabitants, having enjoyed a population increase of more ResearchAndMarkets.com.” Business Wire, Birkshire
than 6000% between 1985 and 2015 (Jezard). Hathaway Co., 10 Apr. 2018, www.businesswire.com/
news/home/20180410006105/en/Construction-
Industry-China-2018-Analysis-Forecasts-2013-2022.
Cushman & Wakefield. U.S. - China Trade Tensions:
Potential Impact on China’s Commerceial Property
Market. Cushman & Wakefield, 2018.
224
