Diankou in Zhejiang province has developed into a vibrant township. However, it will be extremely difficult for other townships to follow in its footsteps.
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11 Sep 2014
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Diankou in Zhejiang province has developed into a vibrant township. However, it will be extremely difficult for other townships to follow in its footsteps.
Our research in 16 towns nationwide suggests that China’s drive to develop its smaller towns and cities may be more difficult than it foresees.
Plans to develop an economic zone along the length of the Yangtze River are the latest in a series of large-scale regional development proposals announced by the central government.
Economists and analysts assess a new plan to relocate some administrative and industrial resources into the provinces surrounding Beijing in order to ease chronic pollution, congestion and overcrowding in the capital.
China has published a long-awaited urbanisation plan aimed at increasing the number of people holding urban residency permits by 100m during the 2014-2020 period. The plan, however, acknowledges that financial reforms are necessary to finance the infrastructure and welfare expansion needed to support this migration. We believe that the speed at which these reforms can be implemented will determine the success of the urbanisation plan.
The reform agenda that was set out following the third plenum is set to be implemented unevenly and according to varied timescales. Here is our take.
The Communist Party of China (CPC) announced today that it will “completely abolish residency restrictions in townships and small cities”, as part of a wide-ranging series of reforms, including an expansion of the social welfare system. We think that these reforms, alongside a series of other initiatives outlined in a 21,000-word document released today, represent one of the most ground-breaking developments in China’s reform process since 1979.
The Communist Party of China (CPC) signalled today that it plans to push forward with key reforms to its rural economy, in what we think is the most significant of a series of initiatives outlined during a key four-day political conclave in Beijing.
The monetisation of rural land and real estate is one of the last great untapped assets that China can use to spur economic growth. Our grass-roots research shows that such monetisation is spreading fast and set to gather pace.
The Communist Party of China (CPC) announced today it has set November as the date for third plenary session of the 18th CPC Central Committee. We think the naming of a date suggests that Beijing has reached a broad consensus on key economic reforms to be showcased at the meeting but much political jockeying on policy details lies ahead.
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