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Urbanization and Its Impact in Contemporary ChinaUrbanization and the Growth of the Middle Class

Urbanization and Its Impact in Contemporary China: Urbanization and the Growth of the Middle Class [China is now in the midst of a process of economic restructuring in which economic growth mainly relies on domestic consumption. There are two major driving forces behind this process, one is mass consumption and the other is urbanization and industrialization. China has already entered a phase of mass consumption, which now makes China capable of promoting economic growth through domestic consumption, with urbanization also playing a key role (Li 2010a). As for the major developed countries such as the U.S., the U.K. and Japan, while their development processes are different, they all have high urbanization rates and a large and mature middle class. The 2012 Analysis and Forecast of China’s Social Condition indicates that in 2011 China’s urban population surpassed the rural population for the first time in history, with urbanization rate exceeding 50%.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

Urbanization and Its Impact in Contemporary ChinaUrbanization and the Growth of the Middle Class

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Publisher
Springer Singapore
Copyright
© Social Sciences Academic Press and Springer Nature Singapore Pte Ltd. 2019
ISBN
978-981-13-2341-6
Pages
161 –186
DOI
10.1007/978-981-13-2342-3_7
Publisher site
See Chapter on Publisher Site

Abstract

[China is now in the midst of a process of economic restructuring in which economic growth mainly relies on domestic consumption. There are two major driving forces behind this process, one is mass consumption and the other is urbanization and industrialization. China has already entered a phase of mass consumption, which now makes China capable of promoting economic growth through domestic consumption, with urbanization also playing a key role (Li 2010a). As for the major developed countries such as the U.S., the U.K. and Japan, while their development processes are different, they all have high urbanization rates and a large and mature middle class. The 2012 Analysis and Forecast of China’s Social Condition indicates that in 2011 China’s urban population surpassed the rural population for the first time in history, with urbanization rate exceeding 50%.]

Published: Apr 3, 2019

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