World Bank to Do Joint Study on China’s urbanization
This study should have been done a decade ago. It is the biggest single factor driving China’s transition to a domestic consumption-led economy. And China’s urbanization will continue for another 2+ decades.
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The World Bank is to launch a joint study with Beijing on urbanisation in China, one of the great human migrations of modern times, it said Friday.
Chinese cities have expanded rapidly in number and scale over the last 30 years, with more than half of its population of 1.35 billion people now considered urban dwellers — and the number still rising by 14 million a year.
The study aims to help “… not only China but all developing countries deal with the continuing massive influx of people into cities,” bank president Jim Yong Kim told reporters in Beijing.
Urbanisation drove growth and raised living standards, he said, but also brought “tremendous challenges to the environment, food security as well as the delivery of health care and education services”.
– AFP