The Rising Influence of Rising Affluence

[DewDiligence]

China announces urban-migration plan:

http://www.nytimes.com/2014/03/18/world/asia/china-releases-plan-to-integrate-farmers-in-cities.html

The plan — the country’s first attempt at broadly coordinating one of the greatest migrations in history — foresees 100 million more people moving to China’s cities by 2020… Underpinning these projections would be government spending to build roads, railways, hospitals, schools and housing.

…The plan strongly emphasizes the improvement of quality of life for new city residents through increased government spending. It also calls for improvement in the quality of building construction…

…To make this possible, the government is promising huge infrastructure spending. Every city that exceeds 200,000 in population is to be linked by rail and expressways, while every city exceeding 500,000 is to have high-speed rail service.

The plan’s main goal is to have 60% of China’s population living in cities by 2020.

See #msg-86280699, #msg-86280731, #msg-70416781, and the chart in #msg-56438958 for related info.