Construction progress on China Zun, the 528-meter (1,732 foot) tower in Beijing demonstrates the increasing number of skyscrapers appearing in Chinese cities and the large monetary investments made by developers, according to one media outlet.

China Zun will cost approximately RMB24 billion (US$3.78 billion) and the Chongqing International Financial Center a projected RMB10 billion ($1.6 billion), while the Ping'an International Financial Center reaches about RMB9 billion ($1.4 billion), according to Xinhuanet.

The surge of tall building development has been controversial in China, with one recent editorial calling them “white elephants.”

Running skyscrapers is costly, the Xinhuanet report notes. It is estimated that management expenditure on the 420.5-meter-tall Shanghai Jinmao Tower reaches RMB1 million ($158,000) each day.

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Chinese tall building construction will be the main theme of the CTBUH Shanghai World Congress, which will be held in two weeks in Shanghai.

CTBUH has published a report regarding the Chinese domination in tall building development. Click here to read the report.

CNN recently produced directions for a Shanghai Skyscraper Walking Tour, accompanied by images of important tall buildings in the city, found here.