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January 12, 2012

Do Asian skyscrapers mean trouble ahead?

  • Barclays Capital sees an “unhealthy correlation” between construction of the world's tallest buildings and impending financial crises.
    • By ERIKA KINETZ
    AP Business Writer

    MUMBAI, India — A skyscraper building boom in China and India may signal an impending economic correction in two of Asia's largest economies, a new report says.

    Barclays Capital has mapped an “unhealthy correlation” between construction of the world's tallest buildings and impending financial crises over the last 140 years.


     
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