a
Urbanization

• In 2010, China’s urban population was 47% of the total population, with an annual rate of urbanization

  of 2.3%. By the end of 2011, over 690.79 million Chinese lived in urban centers.

• Urbanization is expected to boost domestic demand by USD$4.5 trillion over the next two decades.

• Beijing, Shanghai, and Hong Kong are listed among the “World’s Top 10 Cities of the Super Rich.”

• China's middle class has grown from 65.5 million in January 2005 to 80 million in January 2007. According

  to the UN Population Division, China’s middle class is forecast to expand to 1.4 billion by 2030, compared

  to 365 million in the US.

 

 

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