China's potential economic thrust: settling 400 million immigrants in cities
chinadaily.com.cn |
Updated: 2024-08-02 11:00
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Liu Qiao, dean of Peking University's Guanghua School of Management, told China Perspectives that the property market remains crucial for the future of China's economy as providing rental housing for urban immigrants, which could amount to about 400 million, poses a challenge but also offers a significant economic opportunity. As these immigrants embrace an urban identity, they are expected to invest in themselves and increase consumption, fueling China's future economic growth.
