Latest News:  
Beijing   Light rain    9 / 4 ℃  City Forecast


World Bank, China launch urbanization research


09:37, December 01, 2012

BEIJING, Nov. 30 (Xinhua) -- The World Bank will launch joint research with China on urbanization to help developing countries deal with the continuing massive influx of people into cities, Jim Yong Kim, the bank president, announced on Friday.

By 2030, it is expected that two thirds of Chinese will live in cities, which means 14 million people will become urbanites every year over the next two decades.

"Urbanization has accelerated economic growth and raised living standards, but also brought tremendous challenges to the environment, food security as well as the delivery of healthcare and education," Kim said.

Kim, on his first visit to China since becoming the bank's president in July, on Tuesday signed a Memorandum of Understanding with Xie Xuren, the country's finance minister, on the establishment of a knowledge hub.

This resource will aim to spread China's experience in development to other nations, and the urbanization study will be the hub's first program, according to Kim.

Cai Jinyong, executive vice president and chief executive officer of the International Finance Corporation, a member of the World Bank Group, hailed the progress China has made in reforming its state-owned enterprises (SOEs) over the last 15 years.

Developing the private sector is the key to deepening SOE reforms and improving the competitiveness of the Chinese economy, Cai said.

We recommend:

China's first rail to 'sea of death' starts operation

Sales of Samsung's Galaxy Note 2 tops 5mmark

Beijing-Guangzhou high-speed rail to open

China Telecom starts iPhone 5 pre-orders

Shanghai Center Tower to rise over 400m

Self-owned brands account for 11% of exports

HK's MTR buys first China-made locomotives

Staff members of bus company sort notes, coins

Construction of 6th Yellow River bridge underway


Leave your comment0 comments

  1. Name


Selections for you

  1. Chinese naval escort taskforces

  2. China's special forces in training

  3. Most creative 'Santa Claus' (I)

  4. Nutritious lunch provided in Taipei

  5. On 1st high-speed line through high-latitude regions

  6. China's savings rate world's highest

  7. Is marriage the grave of love?

  8. Soon, You Can Eat KFC on Japan Airlines

Most Popular


  1. Much room for China-ASEAN economic co-op
  2. Spend it again, Sam
  3. The paradox of China's stock market
  4. Reforms to give more weight to capital
  5. Obama's big test: averting "fiscal cliff"
  6. Commentary: Future money uncertainties
  7. Social progress in tolerance to ‘Nail Household’
  8. Preventing abuse of power in physical exam
  9. Will China run out of water by 2030?
  10. What’s behind pupils' bread and milk lunch?

What’s happening in China

Nutritious lunch provided in Taipei's elementary school

  1. Teachers deserve a much better deal
  2. High price of being a ‘money boy’
  3. Principal fired over sex abuse allegations
  4. Train rolls into mysterious "no man's land"
  5. Seven imprisoned in kidney trading case