The first one probably needs no introduction:
China’s growing demographic challenges have been well documented and their economic impact much discussed. So how about urbanisation being touted as the solution?
After all, more people working in cities generally means more productive workers, hard to argue with that. But Beijing’s traditional policy of encouraging urbanisation through greater infrastructure investment is getting ever diminishing returns. If the government really wants more people to move to the cities, argues Wei Yao at Société Générale, it must start treating its new urbanites better. Read more