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China to advance urbanization next year

(Xinhua)

08:24, December 17, 2012

BEIJING, Dec. 16 (Xinhua) -- China will actively and steadily push forward urbanization next year, with a focus on improving quality of the efforts, according to a statement issued Sunday after a two-day central economic work conference in Beijing.

Urbanization is a historic task with the country's modernization drive, and a main driver to boost domestic consumption, according to the conference, which charts the course for the following year's economic work.

The country has been trying to wean off its reliance on exports for growth, as economic recoveries of its main trade partners like the European Union and the United States have been slow.

China's urban population, which outnumbered that of rural areas for the first time at the end of last year, is expected to account for 70 percent of the total population by 2030, according to the World Bank's forecast.

An increase of a single percentage point indicates an addition of more than 10 million urban residents, each of whom will spur at least 100,000 yuan (15,892 U.S. dollars) in infrastructure investment, according to previous estimates by experts.

The statement said the country will center its efforts on improving the quality of urbanization, while using favorable conditions to actively guide the healthy development of the process.


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