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China’S Urban Development. Its Spectacular Ascent, Downside And Strategical Rethinking

Author

Listed:
  • Sarmiza Pencea

    (Institute for World Economy of the Romanian Academy)

  • Ana‐Cristina Bâlgăr

    (Institute for World Economy of the Romanian Academy)

Abstract

Since 2007, when for the first time in history the world urban population exceeded the number of rural inhabitants, humankind has become predominantly urban. Today, over 54% of Terra’s inhabitants are city dwellers and the world’s urbanization trend advances resolutely, with China among its main and most powerful drivers. As China’s urbanization is considered one of the two great, long-term processes that will crucially influence the development of mankind in the 21st century, along with the technological revolution led by the US, this paper aims at scrutinizing the peculiarities of this all-important process, focusing on its current weaknesses, imperfections and trends. It also looks at the planned urban development reform projects, identifying the challenges that are to be faced and the most probable prospects for China’s urbanization process

Suggested Citation

  • Sarmiza Pencea & Ana‐Cristina Bâlgăr, 2017. "China’S Urban Development. Its Spectacular Ascent, Downside And Strategical Rethinking," Romanian Economic Business Review, Romanian-American University, vol. 12(1), pages 35-49, March.
    • Handle: RePEc:rau:journl:v:12:y:2017:i:1:p:35-49
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