Wednesday, January 18, 2012

An important shift in China

Bloomberg reports that an important demographic shift in China shows no signs of changing and poses significant questions for the Communist government.
China's urban population surpassed that of rural areas for the first time in the country's history after three decades of economic development encouraged farmers to seek better living standards in towns and cities.
The world's most-populous nation had 690.79 million people living in urban areas at the end of 2011, compared with 656.56 million in the countryside, the National Bureau of Statistics said Tuesday in Beijing. That puts the number of people residing in China's towns and cities at double the total U.S. population.
Consider that what has been completed in China in 30 years took almost 100 in the U.S.

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