Global Analysis from the European Perspective. Preparing for the world of tomorrow

Typical signs of recession China’s skyscraper project has been shelved

A subsidiary of the China State Construction Engineering Corporation, a state-owned enterprise, has suspended construction of a 475-meter-high skyscraper in Wuhan because the project developer Greenland Group failed to pay. A large amount of engineering. Experts say that the shelving of skyscraper projects is a typical sign of China’s economic recession. Source Epoch Times

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