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Advantages Of Urbanization In China

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The urbanization in China

As Joseph E Stiglitz who won the Nobel economic prize said, ‘Two forces will shape the 21st century: urbanisation in China and technological innovation in the US.’ Urbanization is such an important issue for China and the world. Research figures indicate the urbanization rate has grown to 45% from 13% since 1949 and the government estimates it will increase to 60% in 2030. Some researchers have shown urbanization in China was very successful and got many great accomplishments. On the other side, many other researchers also revealed critical opinions to what it has done in the past. They also worried about the future of urbanization in China. Through this report, This report will examine what benefits and disadvantages did urbanization process bring to China and How is the future of it.

Q:Why did China keep focusing on urbanization as one of the top agenda items?

So far, twenty-five of the world’s largest 100 cities are in China. After Chinese economic reform, those first 14 opening harbour cities and 4 special economic zones set great examples for other cities. With developing and growing of those cities and a big influx of investments from overseas investors, there were more and more occupation opportunities be required. Then people from counties and the countryside began to move to cities for better lives so that the manpower engine was formed which was based on the large population of China. Cheap and endless manpower helped cities developed

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