Report: China’s Urban Rate to Reach 75% by 2030, With 220 Million New Urban Dwellers

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Report- Chinas Urban Rate to Reach 75 percent by 2030 With 220 Million New Urban Dwellers
Report- Chinas Urban Rate to Reach 75 percent by 2030 With 220 Million New Urban Dwellers

According to the forecast of Morgan Stanley’s blue paper report China’s Urbanization 2.0: Super Metropolitan Area China’s urban rate will reach 75% by 2030, with 220 million new urban dwellers. The report points out that three factors contribute to this development: the rise of China’s metropolitan areas brings with it the clustering effect while problems facing metropolis will be mitigated; thank to the application of new generation IT technology, traffic jams, security problems,and pollution will be reduced in China’s smart cities; the modernization and scale-up of China’s agricultural industry will improve productivity, driving rural population into cities.

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