China will look to expand domestic demand and consumption through urbanisation and promote economic and social development.
This could boost China's economic growth by 3.5 to 7 per cent over the next 10 years an early estimate from a prominent China think tank has revealed.
With the urbanization rate in China at around 50 percent, there is scope for China to increase this to the 70-80 per cent enjoyed by many developed countries.
The rate of urbanisation growth will likely slow from past years as China enters the second stage of urbanization. However, the rate could still be around 60 percent by 2020.
At this rate, the urbanisation trend could boost investment and consumption needs by over $4,000 billion by 2020 according to the Macroeconomic Research under the National Development and Reform Committee. Reported by Proactive Investors 11 hours ago.
This could boost China's economic growth by 3.5 to 7 per cent over the next 10 years an early estimate from a prominent China think tank has revealed.
With the urbanization rate in China at around 50 percent, there is scope for China to increase this to the 70-80 per cent enjoyed by many developed countries.
The rate of urbanisation growth will likely slow from past years as China enters the second stage of urbanization. However, the rate could still be around 60 percent by 2020.
At this rate, the urbanisation trend could boost investment and consumption needs by over $4,000 billion by 2020 according to the Macroeconomic Research under the National Development and Reform Committee. Reported by Proactive Investors 11 hours ago.