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Skyscrapers have ‘unhealthy’ link to financial crises

A property development under construction on the busy Nanjing Road shopping street in Shanghai, October 2011. Photo: AFP.

The construction of enormous skyscrapers has an “unhealthy” link with looming financial crises and investors should therefore keep a close eye on China and India, Barclays Capital said on Wednesday. China is currently the biggest builder of skyscrapers, while booming India is constructing the second largest tower in the world, the investment bank said in its latest…

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