China’s Urbanization and the World Economy

China’s Urbanization and the World Economy

Fan Zhang

This innovative book places China’s urbanization within a broader global context, including a detailed estimate of China’s total domestic market and its impact on the world economy.

Conclusions

Fan Zhang

Subjects: asian studies, asian geography, asian urban and regional studies, economics and finance, international economics, urban economics, law - academic, asian law, urban and regional studies, urban economics

Extract

China's urbanization is an unprecedented event in human history. Several hundreds of millions of people have moved from the countryside to cities during a period half a century, more than the scale of the great migration from Europe to the New World in the nineteenth century. This urbanization will change the fate of hundreds of millions of former peasants and their families in China, create huge demand for products and services for the world markets, and bring work opportunities for workers worldwide. However, the urbanization that has prevailed in China in the past three decades has been an unfinished urbanization, an urbanization of the government-led physical construction of cities. To complete China's urbanization, the human part of urbanization, the rights of citizenship must be granted to hundreds of millions of migrant workers or former peasants. The scale and importance of this urbanization to China is just like the liberation of slaves in North America in the nineteenth century. If completed, this urbanization will establish a nation based on a solid foundation of equal treatment of all its residents, no matter where they live, which will give China prolonged political stability. This urbanization in China is an extremely complicated process, a mixture of conflicting factors and processes interlocking with each other.

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