Urbanization Of Urbanization : China Essays

1081 Words Mar 30th, 2016 null Page
According to US university researchers, in 2007 the planet as a whole reached an urbanization tipping point, this of course included China. It is expected that by 2030, 1 billion consumers will live in China 's cities. The importance of urbanization relies on many factors, one of those factors is the fact that urbanization creates new markets that are consistently concentrated and often contain consumers who have considerably higher levels of income, which makes them more likely to spend, whether it be on durable goods, like homes and furniture, or discretionary purchases, such as clothes and electronics. (http://www.chinadaily.com.cn/business/2009-12/15/content_9181004.htm)
Furthermore, urbanization brings infrastructure; since 1992, China has spent about 8.5% of the country’s GDP on infrastructure projects. China leads the world in infrastructure investment, above the US and the European Union. New infrastructure makes the population more itinerant, this way new businesses are capable of positioning themselves along brand new transit routes, which will grant them access to a potentially larger customer base, because now more people will be able to travel to their businesses. (http://www.forbes.com/sites/danielrunde/2015/02/24/urbanization-development-opportunity/#196a54762779) Between the years 2003 and 2007, the percentage of investment in rural roads grew by an enormous 51 percent annually. Infrastructure development remains a top priority for China’s government, and in…

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