Failing to expand, improve these urban areas could be disastrous, warn analysts
Tue, Oct 21, 2014 - 5:50 AM
A strategy that supports the expansion of China's biggest cities, including Shanghai (above), would add US$2 trillion to the country's output in 10 years, according to economist Andy Xie.
CHINA needs a new prescription for growth: Cram even more people into the pollution-ridden megacities of Beijing, Shanghai, Guangzhou and Shenzhen. While this may sound like a recipe for disaster, failing to expand and improve these urban areas could be even worse.