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Economy

Shanghai's Tale Of Three Towers

In the early 1990s, planners in Shanghai envisioned a trio of mammoth skyscrapers that would symbolize the Chinese city’s rebirth. Nearly 20 years later, two of those towers are built. The third is 109 stories to go. Our writer strolls through this 21st c

View from the Shanghai World Financial Center (tyler_haglund)
View from the Shanghai World Financial Center (tyler_haglund)
Frédéric Thérin

SHANGHAI – Shanghai Tower will eventually be a sight to behold. But right now it's nothing more than an ugly concrete cube – 15 floors' worth, surrounded by steel girders. Hundreds of workers mill about the construction site, which is tucked in amid freeways. Passersby – women clad in pretty ensembles and elegantly dressed businessmen – don't even glance at the imposing sight. Residents of China's economic capital are used to seeing buildings crop up like mushrooms in a rainy autumn forest.

And yet this skyscraper marks the apotheosis of a daring project launched by Chinese authorities nearly two decades ago. It was 1993 when plans were unveiled to build three giant towers that would symbolize past, present and future. The first of the three behemoths was christened Jim Mao Tower, the second the Shanghai World Financial Center, and the third Shanghai Tower. All three were to be built on a piece of land that otherwise was home to run-down buildings and rice fields.

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Geopolitics

Venezuela-Iran: Maduro And The Axios Of Chaos In The Americas

With the complicity of leftist rulers in Venezuela, Bolivia and even Argentina, Iran's sanction-ridden regime is spreading its tentacles in South America, and could even undermine democracies.

Venezuelan President Nicolás Maduro visiting Iranian President Ebrahim Raisi in Tehran, Iran on June 11. Venezuela is one of Iran's closest allies, and both are subject to tough U.S. sanctions.

Julio Borges

-Analysis-

CARACAS —The dangers posed by Venezuela's relations with the Islamic Republic of Iran is something we've warned about before. Though not new, the dangers have changed considerably in recent years.

They began under Venezuela's late leader, Hugo Chávez , when he decided to turn his back on the West and move closer to countries outside our geopolitical sphere. In 2005, Chávez and Iran's then president, Mahmoud Ahmadinejad, signed collaborative agreements in areas beyond the economy, with goals that included challenging the West and spreading Iran's presence in Latin America.

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