China’s urbanization drive could fuel social unrest over land disputes and pose financial risks if money is thrown around recklessly, a senior communist party official and a leading economist said on Thursday.
Shifting people from the countryside to cities is a policy priority for China’s new leaders as they seek to sustain economic growth that last year slowed to a 13-year low of 7.8 percent. The government hopes 60 percent of China’s population of almost 1.4 billion will be urban residents by 2020.
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Kevin Yao, Reuters via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/wveyUZFVnQ0/
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