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EXPLORE | SHANGHAI EDITION
Such situations have already caused a heavy financial burden for the commercial operator of the Tower. They have no choice, but to increase the rent of existing tenants while bargaining for new contracts. The company is currently in debt due to the troubling issues.
As the International Monetary Fund (IMF) stated, the Chinese government sometimes responses to asset market investors' expectations and stabilize financial market by injecting capitals to infrastructure and construction projects, which is only effective in achieving short term economic supports. This lack of competent commercial decision results in such a special case of a skyscraper in tremendous investment and expense, but little profitable income.
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