In a few posts over the past year I have been rather critical of the architectural expansion in some specific desert locations (Dubai, etc...). I have also signed on to the notion that there is a real estate bubble in China, which makes the subject of this post hypocritical. On the long run, I am bullish on Chinese investments in infrastructure and architecture for the simple reason that they have a lot of people and there seems to be an appreciation amongst the leadership for comprehensive, structural development. This development can also be distinguished from the madness of Stalinism or Maoism, which resulted in inefficient heavy industry managed by corrupt idiots. Chinese consumer culture is nascent, but inevitable in its growth. I am more concerned about the gender imbalance, but that may be corrected by natural forces and incentives.
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