Donghu Lake in Wuhan, the capital of central China’s Hubei province, is flanked by high-rise buildings in July. China is undergoing rapid urbanisation, with nearly 60 per cent of the population living in cities. Photo: Xinhua Donghu Lake in Wuhan, the capital of central China’s Hubei province, is flanked by high-rise buildings in July. China is undergoing rapid urbanisation, with nearly 60 per cent of the population living in cities. Photo: Xinhua
Donghu Lake in Wuhan, the capital of central China’s Hubei province, is flanked by high-rise buildings in July. China is undergoing rapid urbanisation, with nearly 60 per cent of the population living in cities. Photo: Xinhua
Hao Zhou
Opinion

Opinion

The View by Hao Zhou

Three reasons China cannot count on urbanisation to boost consumption and bolster its economy

  • China is looking to increase domestic consumption from rapid urbanisation to spur economic growth. But an ageing population, and local government and household debt complicate the picture

Donghu Lake in Wuhan, the capital of central China’s Hubei province, is flanked by high-rise buildings in July. China is undergoing rapid urbanisation, with nearly 60 per cent of the population living in cities. Photo: Xinhua Donghu Lake in Wuhan, the capital of central China’s Hubei province, is flanked by high-rise buildings in July. China is undergoing rapid urbanisation, with nearly 60 per cent of the population living in cities. Photo: Xinhua
Donghu Lake in Wuhan, the capital of central China’s Hubei province, is flanked by high-rise buildings in July. China is undergoing rapid urbanisation, with nearly 60 per cent of the population living in cities. Photo: Xinhua
READ FULL ARTICLE
Hao Zhou

Hao Zhou

Hao Zhou currently serves as a senior economist (emerging markets) with Commerzbank. He covers North Asia economic and markets research.