Understanding China's Urbanization
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Understanding China's Urbanization

The Great Demographic, Spatial, Economic, and Social Transformation

Li Zhang, Richard LeGates and Min Zhao

China’s urbanization is one of the great earth-changing phenomena of recent times. The way in which China continues to urbanize will have a critical impact on the world economy, global climate change, international relations and a host of other critical issues. Understanding and responding to China’s urbanization is of paramount importance to everyone. This book represents a unique exploration of the demographic, spatial, economic and social aspects of China’s urban transformation.
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Chapter 5: Globalization, foreign direct investment, and China’s urbanization

Li Zhang, Richard LeGates and Min Zhao

Extract

This chapter provides an overview of current scholarship about globalization and how it has affected China’s urbanization and essential information on the volume and spatial distribution of foreign direct investment (FDI) in China over time. The following chapter discusses the closely related topics of how engagement with the world economy has contributed to the vast migration of China’s rural workforce to urban areas. Unlike most other studies of FDI, this chapter provides information on how much of China’s FDI has come from Hong Kong, Taiwan, Macao and other parts of “Greater China” and how much from more remote global sources over time. This is essential information for understanding the spatial pattern of China’s urbanization since reform and opening up and projecting the future volume and distribution of urbanization in China.

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