China Just Commissioned the World's Fastest Elevators

Today, the Japanese tech giant Hitachi announced a contract to build two of the fastest elevator in the world for a forthcoming skyscraper in China. Seems innocuous enough, right? But buried within the press release are a few fascinating details that illustrate how China's skyscraper boom is affecting the global economy--including the fact that it bought a whopping 60 percent of all elevators sold in 2013.