"Amid the ongoing bubble watch in Chinaâ??s real-estate sector, new research Wednesday showed the mainland is home to more than half of the worldâ??s skyscrapers currently under construction.
Barclays Capital said that China is now flashing some of the telltale signs of a bubble on its Skyscraper Index, which is designed to track the correlation between tall buildings and an impending financial crisis.
Barclays analysts said the frenzied activity in these lesser-known cities amounted to â??evidence of the expanding building bubble,â?? adding that its Skyscraper index has acted as barometer of widespread misallocation of capital that can see instances of excesses dating back to before the Great Depression."
When China's economy tumbles, watch out below.