I've heard stories about the Chinese building stuff this quickly in the past. Pretty impressive.
You see? Playing with Legos has its benefits.
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In terms of structural integrity, the math on such a building is probably correct. While I'm not too experience with pre-fab construction (only worked with it twice), just the process behind what goes into building each part that is used in the final product makes it much safer in terms of structure. However, the Chinese do like to cut lots of corners and safety is a foreign concept to their construction companies, so who knows how badly they've screwed up. Even the pre-fab parts could be done incorrectly.
Personally I'm going to remain cynical, but fascinated. Cynical in that I don't believe it'll stand the test of time and fascinated in that I really need to push myself harder, since they (seem to) get work done in 1/10th of the time I do.
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So, it's certainly earthquake resistant, but the jury is still out on Creeper Blast Resistance, and with those one block thick walls I'm skeptical of its survivability.