Urbanization in China shifts toward people
1 2021-06-29 10:19:46China Daily
Editor : Zhang Mingxin
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China s urbanization rate has risen from less than 20 percent at the beginning of the reform and opening-up policies in the 1980s to reach 63.89 percent in 2020.
Regarding the narrowing gap relative to developed nations, industry experts said urbanization will remain an important driver of economic stability and long-term development.
The vitality of the nation s further urbanization is believed to come from top-tier cities sustainable growth, the development of West China, the rise of Central China and the revitalization of Northeast China.
China will remain in the fast lane of urbanization in the coming decade, said Li Ling, president of CBRE China, a proper agency.
Chinese home dreams come true By WANG YING in Shanghai | China Daily | Updated: 2021-06-29 09:37 Share CLOSE A housing renewal project is seen under construction in Dongguan, Guangdong province. [Photo provided to China Daily]
Editor s note:
To celebrate the 100th anniversary of the founding of the Communist Party of China, China Daily is publishing a series of stories on the changes and developments in various fields and industries.
Reform has seen country develop world s largest private sector real estate market
Since ancient times, Chinese scholars and officials have pictured an ideal world in which every family has a home of their own.
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Home price stability－goal s for real By WANG YING in Shanghai | China Daily | Updated: 2021-02-01 08:52 Share CLOSE A saleswoman (left) shows a model of a newly developed residential area to a potential homebuyer at a real estate fair in Urumqi, the capital city of Xinjiang Uygur autonomous region, on April 24. [Photo by ZHANG XIUKE/FOR CHINA DAILY]
Digital tech, online sales, post-COVID value-added services promise to up developers investments
Although the COVID-19 pandemic sprang an unpleasant, unprecedented and unexpected surprise on China s residential property market last year, a combination of factors will likely ensure the situation will improve beyond expectations this year, industry experts said.
Old or new, rain or shine, Shanghai homes sell By WANG YING in Shanghai | China Daily | Updated: 2021-02-01 09:01 Share Residential buildings in Yangpu district in Shanghai, on March 23, 2020. [Photo/Sipa]
Despite certain challenges spawned by COVID-19, Shanghai s home market set a number of records last year, industry insiders said.
Transactions for both new homes and pre-owned homes hit a four-year high－proof that Shanghai remains highly attractive to homebuyers, said experts.
According to data from Shanghai-based E-house China Research and Development Institution, new home transactions in Shanghai surged more than 23 percent year-on-year in terms of volume to 9.18 million square meters last year.