Not normally a fan of unnecessary government interference but I like some of the things they're doing here. Especially the mandate to make buildings that reflect Chinese culture. I'm disappointed that Chinese cities basically look like generic American cities (Japan and Korea are also guilty of this). I wish they'd make more buildings like Taipei 101 to give Chinese cities a modern yet unique look.
Not as much as reflecting Chinese culture, the new regulations is to prevent money losers like the Shanghai skyscraper. Sure they built one of the tallest buildings in the world, and its engineering marvel, but years after it was built, only half of the space is rented. In the end, each building has to pay back the bank, and not paying the bank does not do favors for the bank or the country in general. The rent is too high on these buildings for the square meter, and no company in their right mind, Chinese or foreign, would rent it.
In short, to cut down excess in exchange for efficiency.
The government should be encouraging the development of condominiums, habitations, and workplaces that are 'greener' and more ecological, instead of show pieces of excess.