Bring Them to the Cities!

CHINA - Report 23 Dec 2014 by FAN Gang
Executive Summary Though the Central Economic Work Conference in early December didn’t set a GDP growth target for 2014, many pundits suspect it will be in the 7.2%-7.5% range. Premier Li Keqiang reportedly remarked that 7.2% seemed to be the necessary level for satisfying 2014 Chinese employment growth. He was also quoted as having expressed willingness to relax monetary policy, to lower financial costs for Chinese businesses. Urbanization is another key theme, and was the subject of a major meeting immediately after the conference. Political leaders apparently hope urbanization will stoke...

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