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Edited by Shahid Yusuf, Anthony Saich
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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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