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Chen Li

China’s Push for Urbanization and Its Accompanying Challenges

Chen LiUrbanization has been the new buzzword in China ever since the opening of the 18th National Congress of the Communist Party of China (NCCPC) in November 2012. Former President Hu Jintao’s report outlined the tremendous growth in China since economic reforms started more than 30 years ago. For example, China now has the second-largest economy in the world. In 2012 its per capita GDP reached USD$6,100 (National Bureau of Statistics 2012).

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China’s Emerging Consumer Market What’s Missing in China’s Stimulus Package?

China’s Emerging Consumer Market What’s Missing in China’s Stimulus Package?As the world begins to emerge from the worst economic recession in recent memory, stimulus packages enacted by various governments around the world are very much in the spotlight. The early verdict on China’s massive stimulus is favorable. The Wall Street Journal reports that “spending by Chinese consumers is holding up pretty well, partly because of heavy stimulus spending by a government flush with cash. Urban household spending in China was up 9.2% in the first half of 2009.”1

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