16-12-2013, 09:24 AM
1.4 billion people, or 60% of its population will be urban residents by 2020. Urban life is vastly different from the farmer life, which include the spending pattern...
Beijing sets out urbanisation plans to support economic growth
SHANGHAI — China will map out city clusters across the country’s central, western and north-eastern regions and develop them into engines for growth as part of its urbanisation strategy, according to the nation’s leadership.
“Diverse and sustainable” funding mechanisms will be developed to finance policies, Chinese leaders pledged at an urbanisation conference, said a report of the meeting by Xinhua news agency on Saturday. Attention must also be paid to the environmental impact of such development, they said.
The leaders pledged last month to speed up urbanisation as part of a package of policies that represent the biggest expansion of economic freedoms since at least the ’90s.
The government hopes 60 per cent of China’s population of almost 1.4 billion will be urban residents by 2020, as the country’s new leaders seek to sustain growth that last year slowed to a 13-year low of 7.8 per cent.
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http://www.todayonline.com/chinaindia/ch...epage=true
Beijing sets out urbanisation plans to support economic growth
SHANGHAI — China will map out city clusters across the country’s central, western and north-eastern regions and develop them into engines for growth as part of its urbanisation strategy, according to the nation’s leadership.
“Diverse and sustainable” funding mechanisms will be developed to finance policies, Chinese leaders pledged at an urbanisation conference, said a report of the meeting by Xinhua news agency on Saturday. Attention must also be paid to the environmental impact of such development, they said.
The leaders pledged last month to speed up urbanisation as part of a package of policies that represent the biggest expansion of economic freedoms since at least the ’90s.
The government hopes 60 per cent of China’s population of almost 1.4 billion will be urban residents by 2020, as the country’s new leaders seek to sustain growth that last year slowed to a 13-year low of 7.8 per cent.
...
http://www.todayonline.com/chinaindia/ch...epage=true