The World's Tallest Building Will Soon Be In China | Exploring Markets

The World's Tallest Building Will Soon Be In China

Move over Burj Khalifa, the current tallest building in the world located in Dubai.

China has approved a building called "Sky City", which will be a 220-story Skyscraper sponsored by Broad Group and Founder Zhang Yue.

Keep in mind the Skyscraper Index:
The Skyscraper Index is a concept put forward in January 1999 by Andrew Lawrence, research director at Dresdner Kleinwort Wasserstein, which showed that the world's tallest buildings have risen on the eve of economic downturns. Business cycles and skyscraper construction correlate in such a way that investment in skyscrapers peaks when cyclical growth is exhausted and the economy is ready for recession. Mark Thornton's Skyscraper Index Model successfully sent a signal of the Late-2000s financial crisis at the beginning of August 2007. (Wiki)
Here's a photo of the planned Sky City:

Next, here's a video of Sky City: