China’s Urbanization and the World Economy
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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.
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Chapter 13: Relocation of factors: labor and capital

Fan Zhang

Extract

As urbanization continues, the scale and the structure of China's product market changes, as I mentioned in the previous chapter. At the same time, the capital market, the labor market and the technology used in production have been changing, too.

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