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The following video is the first of the great series on China’s ghost cities that Bloomberg is running this week. Getting China right is key to your P&L and the direction of many markets, including emerging equities and commodities .
Author: Kam Wing Chan, University of Washington In the popular media and the business world, urbanisation is often cited as the fundamental driver of global economic growth, especially for the next few decades.
These days, fanfare and trumpets typically accompany architects when they begin new projects in China — and with good reason. In recent years, China, along with a smattering of other regions including the Middle East and Russia, has become a global architectural frontier, with star architects like Rem Koolhaas, Paul Andreu and Norman Foster all leaving their mark on the nation's rapidly expanding cities.
Made in China: A 2010 photo shows assembly line workers at a Foxconn plant in Shenzhen, a city in southern China. Shifts are 12 hours, with two breaks for meals at a company cafeteria. One of the defining narratives of modern China has been the migration of young workers—often girls in their late teenage years—from the countryside into sprawling cities for jobs in factories.