Urban China

Urban China

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In the last 30 years, Chinaa€™s record economic growth lifted half a billion people out of poverty, with rapid urbanization providing abundant labor, cheap land, and good infrastructure. While China has avoided some of the common ills of urbanization, strains are showing as inefficient land development leads to urban sprawl and ghost towns, pollution threatens peoplea€™s health, and farmland and water resources are becoming scarce. With Chinaa€™s urban population projected to rise to about one billion a€“ or close to 70 percent of the countrya€™s population a€“ by 2030, Chinaa€™s leaders are seeking a more coordinated urbanization process. Urban China is a joint research report by a team from the World Bank and the Development Research Center of Chinaa€™s State Council which was established to address the challenges and opportunities of urbanization in China and to help China forge a new model of urbanization. The report takes as its point of departure the conviction that China's urbanization can become more efficient, inclusive, and sustainable. However, it stresses that achieving this vision will require strong support from both government and the markets for policy reforms in a number of area. The report proposes six main areas for reform: first, amending land management institutions to foster more efficient land use, denser cities, modernized agriculture, and more equitable wealth distribution; second, adjusting the hukou household registration system to increase labor mobility and provide urban migrant workers equal access to a common standard of public services; third, placing urban finances on a more sustainable footing while fostering financial discipline among local governments; fourth, improving urban planning to enhance connectivity and encourage scale and agglomeration economies; fifth, reducing environmental pressures through more efficient resource management; and sixth, improving governance at the local level.The Ministry of Finance, the National Development and Reform Commission, the Peoplea#39;s Bank of China, and the China Bank Regulation Commission have all issued a series of regulations and guidelines to regulate local government and LGFV borrowing behavior. ... This multiplicity of laws causes a multitude of regulations and a complex legal environment for PPP projects even within a singleanbsp;...

Title:Urban China
Author: The World Bank;Development Research Center of the State Council
Publisher:World Bank Publications - 2014-07-29

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