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i'm posting this cause i can't seem to find any information about it on ssp, emporis, or anywhere else for that matter; i stumbled upon it by "accident" searching for something else on google the other day, and so far, all the news site that mention this project all seem to be from china, india or elsewhere in asia: http://www.todayonline.com/World/EDC101209-0000196/Wuhan-to-have-worlds-3rd-tallest-building Wuhan to have world's 3rd-tallest building SHANGHAI - The Shanghai Greenland Group yesterday said it will invest 30 billion yuan ($5.9 billion) to develop the world's third-tallest building in Wuhan and reported revenue that will help rival the nation's biggest publicly traded developer. The company, set up in 1992 after former Chinese leader Deng Xiaoping's historic tour of southern provinces, will build the 606m Wuhan Greenland Centre in the central Chinese city. The three million sq m property will include luxury hotels and apartments and a conference centre when it is completed in five years, it said. "Wuhan is a very important city in central China," company chairman and president Zhang Yuliang said in an interview in Wuhan. "It's transiting from a regional centre to an international city - it has a huge market potential and it's necessary to construct a landmark building here." The new building in Wuhan, located about 900km west of Shanghai, will be higher than the 492m World Financial Centre in Shanghai, now the tallest tower in China. It will only be dwarfed by the 632m Shanghai Tower, scheduled to be completed in 2014, and the Burj Khalifa in Dubai, the world's tallest at 828m. Wuhan was ranked by ECA International this month as Asia's 25th most expensive city for expatriates, beating locations including Mumbai and Kuala Lumpur. Bloomberg

Fri, 11/12/2010 - 19:33 A construction crew in the south-central Chinese city of Changsha has completed a 15-story hotel in just six days. Yahoo Check the U-Tube video...Freaked -out!! http://content.the-lefthander.com/drupal/aggregator/categories/2?page=3 :dizzy::applause:

China’s Stock Market Passes US as Leading Indicator Published: Wednesday, 4 Aug 2010 | 12:43 PM ET By: John Melloy Executive Producer, Fast Money China may be the second biggest economy in the world behind the US, but it is No. 1 in terms of influence over global stock markets, analysts said. “The Chinese equity market has shown signs of ‘leading’ global equity markets at turning points over the past three years,” wrote Geoffrey Dennis, Citigroup’s emerging markets strategist. “As a result, the 13 percent rally in the Shanghai Composite since early-July has been a major support for improved overall global sentiment over the past month.” It’s only natural China’s stock market would take a leading role following structural changes such as a jump in listings and the allowance of short sales. After all, the economic influence speaks for itself. Among other things, China is the biggest consumer of energy products, accounts for 70 percent of iron ore demand, and in 2009, became the No. 1 auto market, according to analysts’ reports. The Shanghai Composite Index has led the US market back from its 2010 low. It’s no coincidence that the leading US stocks during this comeback have come from the stocks in the industrial and raw material industries such as Caterpillar [CAT 71.56 -0.40 (-0.56%) ] and Freeport-McMoRan [FCX 74.61 0.54 (+0.73%) ]. Ford [F 13.04 0.06 (+0.46%) ] shares are up 30 percent in one month. “China’s rapid growth in auto sales is merely a reflection of the rise of middle class consumption patterns,” wrote Marshall Adkins, Raymond James energy analyst. “Add in increasing Chinese trucking, petrochemical and aviation consumption, and total Chinese oil demand growth in 2011 should be well north of 500,000 barrels per day and could drive over half of the global oil demand growth next year.” It’s no coincidence then that oil topped $80 this week before retreating today. The iShares FTSE/Xinhua China 25 Index [FXI 41.95 -0.08 (-0.19%) ], an ETF traded here on the NYSE, is supposed to be a direct play on the Chinese market, but it has underperformed China’s local market over the past month. The ETF contains only the large Chinese stocks that are listed as ADRs on US exchanges. What this data shows is that you may be better off buying a US index fund, industrial stocks or a broader emerging market ETF if you believe China is going higher. Citigroup sees the Chinese stock market rising five to 15 percent higher by the end of the year as fears of an economic slowdown are priced in. "Based on a 'no double-dip' scenario, solid growth in emerging markets, low interest rates 'for longer' and attractive valuations, we remain bullish on emerging market for the long-term, including Chinese equities," wrote Citi's Dennis. The closing bell of the New York Stock Exchange used to ripple through the rest of the world, dictating trading in Australia, Asia and Europe that followed it. No longer. The US traders’ day may be decided before he or she even wakes up. http://www.cnbc.com/id/38558580

Can We Afford Liberalism Now? Paul Johnson 10.29.08, 6:00 PM ET Forbes Magazine dated November 17, 2008 The financial crisis, detonated by greed and recklessness on Wall Street and in the City of London, is for the West a deep, self-inflicted wound. The beneficiary won't be Russia, which, with its fragile, energy-based economy, is likely to suffer more than we shall; it will be India and China. They will move into any power vacuum left by the collapse of Western self-confidence. If we seriously wish to repair the damage, we need to accept that this is fundamentally a moral crisis, not a financial one. It is the product of the self-indulgence and complacency born of our ultraliberal societies, which have substituted such pseudo-religions as political correctness and saving the planet for genuine distinctions between right and wrong and the cultivation of real virtues. India and China are progress-loving yet morally old-fashioned societies. They cannot afford liberalism. Their vast populations have only recently begun to emerge from subsistence living. Their strength is in the close, hard-working family unit in which parents train their children to work diligently at school and go to university when possible so they can acquire real and useful qualifications to then go out into the world as professional men and women determined to reach the top. I am impressed at the rapid headway Indians (benefiting from their knowledge of spoken and written English) are making in all the advanced sectors of the global employment market--science, technology, medicine, communications, the law, engineering and mining. They are ousting Westerners from top jobs, and rightly so. They are better qualified, more highly motivated and more reliable and honest. They have the old-style work ethic that we, in many cases, have lost. Prime Minister Margaret Thatcher was sneered at for stressing the Victorian virtues of industry and thrift. But she was right. These emergent Asian professionals have precisely those virtues, which is why they're moving forward and will eventually conquer the world--not by force but by hard work, intelligence and skill. Equally impressive is the sheer physical power of the Chinese workforce. Anyone who goes to Beijing or Shanghai can't help but notice the astonishing speed at which buildings are rising. There is nothing new in this. It was once the West that taught the world how to change its skylines through fast and furious efforts. One of the first examples was the Eiffel Tower, designed by engineering genius Gustave Eiffel (who also created the Statue of Liberty's internal structure). It was the centerpiece of the Paris Exposition of 1889. Using the principles of prefabrication, the 150 to 300 workers on the site put it up in only 26 months. Another example is the Empire State Building, which officially opened on May 1, 1931. Masterpiece of the firm of Shreve, Lamb & Harmon, the Empire State Building was completed in only one year and 45 days, a testament to business efficiency and the determination of the dedicated workforce. We couldn't match those time frames today, despite the advances in technology, because the advances have been outstripped by an even more rapid growth in complex and idiotic planning procedures, bureaucracy, myopic trade unionism and restrictive legislation. Wake-Up Call In London today, for example, residents are infuriated and visitors horrified by the way in which the main sewer and water lines are being replaced over much of the city. The work is agonizingly slow. Contractors claim they are paralyzed by the laws (especially so-called health and safety regulations) that now govern work practices. Depending on the type of activity, these regulations can lower productivity by 15% to 25%. They don't save lives or prevent injuries; they provide lucrative jobs for bureaucrats and fit in well with the ideas of union officials on how things should be run. They are a typical by-product of a liberal society. In an earlier age New York City would have defied the terrorists who brought down the World Trade Center by speedily rebuilding what they destroyed. What's happened instead is a sad and revealing story. In August China pulled off a propaganda triumph with its staging of the Summer Olympic Games, which involved huge construction projects--all completed on time. London is currently preparing for the 2012 games. All indications, so far, are that this is going to be an embarrassing and hugely expensive fiasco. I don't know whether this year's financial catastrophe will shock the politicians and people of the West into a new seriousness. There's certainly no sign of it yet. I had to laugh when a Chinese visitor recently said to me: "I see you're going back to the windmill in Britain. We Chinese cannot afford that." That comment puts things in a nutshell: We are traveling along the high road to incompetence and poverty, led by a farcical coalition of fashionably liberal academics on the make, assorted eco-crackpots and media wiseacres. This strain of liberalism is highly infectious. The Indians and Chinese have yet to be infected. They're still healthy, hard at work and going places, full speed ahead. Paul Johnson, eminent British historian and author; Lee Kuan Yew, minister mentor of Singapore; Ernesto Zedillo, director, Yale Center for the Study of Globalization, former president of Mexico; and David Malpass, chief economist for Bear Stearns Co., Inc., rotate in writing this column. To see past Current Events columns, visit our Web site at http://www.forbes.com/currentevents.

(Courtesy of The Montreal Gazette)