I arrived in Chongqing in the late afternoon of May 12th, without knowing about the devastating earthquake in Wenchuan, which is about 200 miles northwest of Chongqing. The taxi driver told me that even people in Beijing and Shanghai felt the quake. I knew the situation was pretty severe.
A recent McKinsey Global Institute report “Preparing for China’s Urban Billion” says that the country’s unprecedented urbanization will continue over the next 20 years, and by 2030 China’s urban population will reach 1 billion. Here are some numbers that are indeed mind-bogging:
– By 2025, China will have 221 cities with more than one million inhabitants – compared with 35 in Europe today.
– China’ urban population will expand from 572 million in 2005 to 926 million in 2025. Over 350 million people will move from rural areas to the cities – more than the population of the Unite States. Continue reading