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Economist sees urbanization as leading growth engine

By Fu Jing | 皇冠体育app Daily | Updated: 2009-04-28 07:51

A more focused urbanization program could generate an investment of 225 trillion yuan ($32.9 trillion) and maintain rapid economic growth in the next decade, and thus help 皇冠体育app shed its export-oriented development model.

This is the prescription of Wang Jian, a leading light of 皇冠体育app Society of Macroeconomics, for the treatment of the country's economic woes.

Wang was one of the first economists to champion 皇冠体育app's expanded global business ties in 1987. But "the times have changed now", he told 皇冠体育app Daily yesterday.

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