China Urbanizes: Consequences, Strategies, and Policies

Citation:

Saich, Anthony J., and Shahid Yusuf, ed. 2008. China Urbanizes: Consequences, Strategies, and Policies. World Bank Publications.
China Urbanizes: Consequences, Strategies, and Policies

Abstract:

Over the next 10-15 years, China's urbanization rate is expected to rise from 43 percent to well over 50 percent, adding an additional 200 million mainly rural migrants to the current urban population of 560 million. How China copes with such a large migration flow will strongly influence rural-urban inequality, the pace at which urban centers expand their economic performance, and the urban environment. The growing population will necessitate a big push strategy to maintain a high rate of investment in housing and the urban physical infrastructure and urban services. To finance such expansion will require a significant strengthening and diversification of China's financial system.

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