'Big middle-class growth'
CHINA'S rapid urbanization will see its middle class grow to 600 million and support an economic growth between 7 percent and 8 percent annually by 2020, a government think tank chief predicted yesterday.
Speaking at a reform forum in Haikou, capital of China's southern-most province of Hainan, Chi Fulin, executive president of the China Institute for Reform and Development, said: "As urbanization creates huge domestic demand potential, China still has ample room for transition and reform for the coming decade."
According to the think tank, China's urbanization rate reached 51.3 percent in 2011, meaning over half of Chinese were living in cities and towns last year.
The continued urbanization, together with the increase in middle-class consumers will spur investment demand by at least 40 trillion yuan (US$6.3t) over the next 10 years, Chi added.
Speaking at a reform forum in Haikou, capital of China's southern-most province of Hainan, Chi Fulin, executive president of the China Institute for Reform and Development, said: "As urbanization creates huge domestic demand potential, China still has ample room for transition and reform for the coming decade."
According to the think tank, China's urbanization rate reached 51.3 percent in 2011, meaning over half of Chinese were living in cities and towns last year.
The continued urbanization, together with the increase in middle-class consumers will spur investment demand by at least 40 trillion yuan (US$6.3t) over the next 10 years, Chi added.
- About Us
- |
- Terms of Use
- |
-
RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔$粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.