China needs to make a major urbanization plan work for a strong economy in 2025.
A new urban blueprint to be unveiled this year is supposed to break an urbanization logjam by guaranteeing some central-government support for such programs, according to economists who advise the government. But the exact formulas are still unclear. Granting full urban benefits to 70 percent of the population by 2025 would mean doubling the rate of those in urban welfare (healthcare, pensions, unemployment insurance and education) programs.
Success will mean that China’s per capita income would be in the range of Portugal. The overall GDP of the economy would become larger than the United States.
Urbanization and Level of Income
Projected Spending on Urban Public Services
China issues different permits to urban and rural residents. Rural residents who move to cities without city permits do not have access to public services. If the Chinese government starts to provide services to migrants, spending is projected to go up by 1.5 trillion renminbi per year, or 2.5 percent of urban G.D.P. by 2025.
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He gave the recent keynote presentation at Monte Jade event with a talk entitled the Future for You. He gave an annual update on molecular nanotechnology at Singularity University on nanotechnology, gave a TEDX talk on energy, and advises USC ASTE 527 (advanced space projects program). He has been interviewed for radio, professional organizations. podcasts and corporate events. He was recently interviewed by the radio program Steel on Steel on satellites and high altitude balloons that will track all movement in many parts of the USA.
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