Urbanization Makes Heady Progress in China

Despite impressive economic growth over the last two decades with GDP growing at more than 8% annually China remains an agricultural society, with 80% of its almost 1.3 billion population living in rural areas. Urbanization has been making slow but steady progress, but much remains to be done. Since the 1980s, 10% of China抯 economic growth has been derived from urbanization, according to Dr. Shahid Yusuf, Research Manager, Development Economics Research Group, the World Bank. He pred…

Urbanization Makes Heady Progress in China

Despite impressive economic growth over the last two decades-with GDP growing at more than 8% annually-China remains an agricultural society,with 80% of its almost 1.3 billion population living in rural areas.Urbanization has been making slow but steady progress,but much