Nearly 1 billion of China's inhabitants will live in urban centers. This huge market will experience rising incomes and increased gross domestic product (GDP), and a significant growth in fixed-asset investment.
Urban China will account for around 20 percent of global energy consumption and up to one-quarter of the growth in oil demand.
Up to 170 cities could meet the planning criteria for building new urban transit systems - more than twice the current number in Europe.
China will have paved up to 5 billion square meters of road and laid up to 28,000 kilometers of metro rail.
Friday, June 12, 2009
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