国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / View

Sustaining high growth

By Stephen S. Roach | China Daily | Updated: 2013-04-02 13:57

The pace of urbanization should dispel Western doubts stemming from concerns over so-called ghost cities and chronic over-investment. According to research by the global management consulting firm McKinsey & Company, with the annual influx of new urban residents totaling 15 to 20 million, China will need more than 220 large cities - at least one million inhabitants each - by 2030, up from 125 in 2010.

Moreover, because urbanization is a capital-intensive endeavor and China's capital stock per worker, a key driver of productivity growth, is still only 13 percent of the levels in the United States and Japan, China will remain a high-investment economy for years to come.

What is new today is the focus on urbanization's negative externalities, especially the thorny issues of land confiscation and environmental degradation. A well-developed "eco-city" framework was presented at this year's forum to counter both concerns. It features incentives to promote a new urbanization model, one that stresses compact land usage, mixed modes of local transportation, lighter building materials, and non-carbon energy sources.

Second, the new government is focused on strengthening the social security net as a pillar of a modern consumer society. In particular, owing to the hukou, China's antiquated household registration system, access to public services and benefits are not portable. As a result, migrant workers, an underclass numbering roughly 160 million, remain shut out of government-supported healthcare, education and social security.

Holes in the social security net have led to high and rising levels of precautionary saving, driving a wedge between increases in income and any impetus to discretionary purchasing power. Significantly, there were strong hints from senior Chinese leaders at the forum that hukou reform is now under active consideration. While that would be welcome, such efforts need to be accompanied by an expansion of benefits. China's retirement system has only about $430 billion of assets under management (national and local government social security and private-sector pensions).

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
武鸣县| 太和县| 平乡县| 竹溪县| 宜兴市| 聂荣县| 长垣县| 娄烦县| 五指山市| 蚌埠市| 观塘区| 连平县| 农安县| 岗巴县| 大石桥市| 宁陕县| 无为县| 郁南县| 板桥市| 金华市| 晋宁县| 霸州市| 辉县市| 贺州市| 博乐市| 安新县| 金华市| 永州市| 洛川县| 白水县| 若羌县| 阜康市| 静海县| 四平市| 苏州市| 青岛市| 固始县| 滨州市| 永川市| 德江县| 永善县|