18 January 2019

Several provinces gearing up for urbanization push, paper says

As many as ten provinces including Sichuan, Heilongjiang, Gansu, Shaanxi and Guangxi have held work conferences on urbanization goals and plans, National Business Daily reported Friday. According to estimates from China Development Bank (CDB), the capital required for urbanization over the coming three years would total 25 trillion yuan (US$4.13 trillion). The CDB said earlier that it will devote 60 percent of its loan quotas for urbanization projects, the report noted.

– Contact HKEJ at [email protected]



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