Urbanization slowed last year to 19.29 million
The pace of urbanization in the world’s most populous country is slowing.
China added 19.29 million people to the urban population in 2013, according to the latest data from the National Bureau of Statistics. That was lower than the 21.03 million new urban residents seen in 2012.
From 2008 to 2013, the urbanization rate of the country climbed to 53.7 percent from 45.7 percent. But the annual gain was smaller each year. In 2010, there was a 3.35 percentage point gain, the highest annual increase. The gain dropped by 1.3 percentage points in 2012 and then by another 1.16 percentage points last year.
The deceleration of urban population growth is a challenge for the country’s ambitious urbanization plan, which is an important element in boosting consumer demand. (Photo 1)