Comments on John Lee “Don't buy China's growth mirage”, 24/05/2010, http://www.businessspectator.com.au/bs.nsf/article/china-economy-fixed-investment-urbanisation-migrat-pd20100520-5m6hl?opendocument&src=blb&
I have some questions for John Lee in terms of urbanisation in China.
If urbanisation is not what it is understood earlier by us here, then what did the investment go and what purpose did it have in Chinese economic growth?
If it was not quite the case in the past, will it be in the future?
Isn't that the case that China starts to reform its household registration system to loosen the limit on rural people to move to urban areas?
Further, what is urbanisation? Isn't a change from rural villages to urban towns or small cities part of that?
In short, please define urbanisation and clarify where China's huge fixed investment has gone.
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