The Chinese urbanisation rate is one of those megatrends that is rarely discussed but sets the course for asset market over decades. Bloomie has an odd piece on it today:
China’s urbanization rate is set to beat previous international predictions over the next decade, providing an antidote to the country’s shrinking workforce and declining birthrate, an influential Chinese economist said.
About 75% of the Chinese population will be living in cities by 2030, up from the current 64%, according to Lu Ming, an economics professor at the Shanghai Jiao Tong University specializing in urban development.
