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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (2594)	2/7/2004 2:34:02 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

Shanghai may slide under waves in 600 years -paper -------------------------------------------------------------------------------- SHANGHAI, Feb 6 (Reuters) - Rising sea levels due to global warming mean the gleaming skyscrapers of China's financial hub Shanghai could be entirely submerged in 600 years, a state newspaper said on Friday. Academics worry that Shanghai, which state media report sank as much as 2.63 metres (8 ft 7 ins) between 1921 and 1965 due to the overpumping of underground water, may descend further under the weight of a construction frenzy of the past decade. The sea had risen 20 mm (0.8 ins) since 2000 and should keep climbing over the next decade, the Shanghai Daily said, citing a report from the State Ocean Administration. "Shanghai and a number of other coastal cities have been drawing heavily on groundwater for a couple of decades, depleting it and causing (the cities) to sink," said one U.S-based researcher. Excessive construction of tall buildings was to blame for 30 percent of Shanghai's subsidence since 1990, Xinhua said, when the city embarked on a whirlwind of construction that has dotted its skyline with often bizarre, futuristic towers. Lujiazui, the financial district where Japan's Mori Building Co is erecting a 101-storey skyscraper that could be the world's tallest, is sinking 12 to 15 millimetres a year, Xinhua said. The area is home to the country's main stock exchange and a host of multinationals that have chosen to make Shanghai the focus of a push into the Chinese market. The city government is now considering limiting the number of high rises. "This is apparently not a serious enough problem to stop the building of the world's tallest building," said one locally based foreign diplomat. alertnet.org