Summary of China’s Urban Dreams, and the Regional Reality

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China’s Urban Dreams, and the Regional Reality summary
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China’s policy makers rate rapid urbanization as critical in propelling the nation toward a consumer-led economy. China’s ambition, etched in concrete and steel, is transforming the country, and a planned migration of people from farms to cities will occur on a scale without precedent in human history. However, as the Economist Intelligence Unit warns in this incisive study, investors seeking to carve out a niche in this vast market need to do their homework, as not every prefecture will have a thriving metropolis at its heart. The report is a fascinating read, and getAbstract recommends it to executives, investors and urban planners.

About the Author

The Economist Intelligence Unit is an independent research and analysis organization.

 

Summary

Rapid urbanization has accompanied China’s extraordinary economic boom: City dwellers rose from fewer than 140 million in 1980 to 670 million in 2010. But the nation’s pace of urban growth is now on the cusp of a completely new phase. To help in its transition to a consumer-led economy, China needs to foster an urban consumer class that will fuel the country’s continued economic growth. Leaders plan multiyear rounds of state-led infrastructure building to accommodate an estimated 940 million city dwellers by 2030. That will equate to a 67% urbanization rate – the percentage of people...


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