China’s Urban Dreams, and the Regional Reality
Report

China’s Urban Dreams, and the Regional Reality

The Economist Intelligence Unit
EIU, 2014
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Editorial Rating

9

Qualities

  • Comprehensive
  • Analytical
  • Engaging

Recommendation

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.

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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