“China is experiencing an elevator boom. Over the past decade, the vast majority of elevators installed around the world have been placed in China, where rapid urbanization has met with a desire for ambitious ‘super-tall’ skyscrapers. It has been estimated that by 2020, 40 percent of all elevators will be in China.” And as the skycrapers get taller, the demand for speed increases. Some of the newest elevators are traveling close to 50mph.