Researchers Call for Speeding up Urbanization

A think tank under China's State Council has called for the speeding up urbanization as a way of hastening national economic growth.

Experts say that China's economic growth now largely depends on the expansion of domestic demand.

Although the central government has used active fiscal policies to stimulate domestic demand, it has remained sluggish, and has become the largest bottleneck to economic growth.

The low consumption level of rural residents is a primary factor affecting sluggish demand. Experts believe accelerating urbanization could play a decisive role in stimulating domestic demand and reducing the rural population growth rate, while increasing incomes and consumpution rates.

They also believe the country's sustainable development strategy will significantly benefit from urbanization.

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