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China Urbanizes - Consequences, Strategies, and Policies (Paperback)
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China Urbanizes - Consequences, Strategies, and Policies (Paperback)
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The key challenges facing China in the next two decades derive from
the ongoing process of urbanization. China's urbanization rate in
2005 was about 43%. Over the next 10-15 years, it is expected to
rise to well over 50%, 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. Growing cities will greatly increase consumption
of energy and water. Containing this without at the same time
constraining the economic performance of cities or the improvement
in the standards of living will call for enlightened policies,
strategies, careful urban planning, and significant technological
advances. This volume identifies the key developments to watch and
discusses the policies which would affect the course as well as the
fruitfulness of change.
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