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China's leading think tank in finance and macroeconomics - Independence. Insight. Influence.

Apr 27, 2020, 5 tweets

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.

In general, the key to developing metropolitan area lies in the“area”, which is to boost the transformation and upgrading of #metropolis and #megacities through tackling the structural contractions of the core city and extending #urbanization space.

Developing metropolitan area is beneficial for the adjustment of industrial and population structure, balancing between work and life, relief of the pressure on traffic, air quality and commuting services, and the improvement on living conditions of rural migrant workers.

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