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User Info	2022: The Year In Review, And Burning Of Bridges; entered at 2022-12-29 18:11:13
Abelardlindsey Posts: 2597 Registered: 2021-03-26	I lived in one when I lived in Kaohsiung, Taiwan. The Taiwan construction is better. But they also have earthquakes as well. All of the residential towers are rebar concrete, not steel frame. The problem with concrete is that it spalls over time and does not have tensile strength to begin with. Then it pancakes. This has never happened in Taiwan. They did have a condo tower fall over on its side, just like a toy building, while remaining largely intact. This means at least the buildings in Taiwan have less pancake risk. But mainland China is unbelievably corrupt with construction being the worse of it. It is rumored those super-talls (100+ stories) in Pudong part of Shanghai were built with foundation concrete made from sea sand. I would not feel comfortable in one of those. Another issue with Dent's projections is his disregard for human capital as well as cultural diversity in his assumption that South Asia (India) and Southeast Asia will be the major growth region of the world following the coming correction. They will have SOME growth. But they will be no equivalent to China or the rest of East Asia in terms of human capital and productivity. It should be noted that 2/3's of Indian state have fertility rates around 1.3, comparable to Japan and most of South East Asia is following a China-like slow depopulation. Anyone who has spent time in Malaysia is well aware of the human capital and productivity differences between the Chinese and Malays. 2022-12-29 18:11:13