Economics
Urbanization Could Help Solve China’s Shrinking Workforce
- Scholar Lu Ming forecasts China will be 75% urbanized by 2030
- Megacities need to make more investment, lower barriers: Lu
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China’s urbanization rate is set to beat previous international predictions over the next decade, providing an antidote to the country’s shrinking workforce and declining birthrate, an influential Chinese economist said.
About 75% of the Chinese population will be living in cities by 2030, up from the current 64%, according to Lu Ming, an economics professor at the Shanghai Jiao Tong University specializing in urban development.