Urban Reconstruction

China Financial Weekly

Issue No. 9, 2019

The largest urbanization process in human history is being staged in China.

How to achieve “reconciliation” between residents and cities? In other words, with the continuous enhancement of the urbanization level, how can we meet the growing national demand for a better urban development environment? We should not only boost the quality of life in urbanization, but also promote the positive succession between the “key incremental quantity” and “core competence” of cities, thus injecting vigor into the high-quality development of economy and society.

China should make the Beijing-Tianjin-Hebei region, the Guangdong-Hong Kong-Macao Greater Bay Area, and the Yangtze River Delta important driving forces for pioneering high-quality progress. The urbanization rates of these regions have reached the level of developed countries, but there is still a gap in the quality of development.

In order to reach the level of world leading urbanization, China must harness new technologies as support, new demands as stimulus power, institutional innovation as a means to accelerate “deep urbanization,” speed up the cultivation of “key incremental quantity” and “core competence” driven by innovation in metropolitan circles and central cities, and make it a vital driving force for social and economic progress.

In short, the cities will be reconstructed.