Discover and read the best of Twitter Threads about #megacities

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In the next five to ten years, the accelerated development of #metropolitan areas and #cityclusters will become the greatest structural potential for the economic growth in China. mp.weixin.qq.com/s/6qZ797KVEtV1…
In other words, it is the “new air outlet” of China’s economic growth.
The so-called metropolitan area, in terms of space, is a new urban network system that interconnects emerging small towns or small cities located within one-hour commute or within 50 to 70 kilometers (the figure may vary depending on local environments) of core cities.
Read 5 tweets
China has been tightening housing policies since Mar 2017 to curb speculation demand. While this has cooled skyrocketing home price to some extent,a better approach should be increasing residential land,said cf40 senior fellow Zhang Bin in latest report: mp.weixin.qq.com/s/rTeguhud8-kL…
#China’s financial system,dominated by debt financing and lacking personal pension account system, has intensified the financial features of and #investment demand for houses. The widespread use of housing mortgage loans has been major force driving up #housing price in China.
The main supply-side factor affecting housing price is the supply of residential land. The underdevelopment of #infrastructure and public facilities in #megacities has restrained the improvement of residential land supply in these cities.
Read 5 tweets

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