China Prepares for Urban Revolution
No doubt Beijing's massive $586 billion stimulus package, announced with much fanfare on Nov. 9 (BusinessWeek.com, 11/9/08), is aimed at combating China's slowing economy. But even as growth continues to show signs of weakness—on Nov. 11 China reported 4.6% consumer price inflation growth, the slowest in 17 months—there is an equally compelling reason for the planned huge expenditure: meeting the needs of the largest urbanization in human history.
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