Nov 18

Everyone knows China is going through an industrial revolution right now. In developed countries such as the U.S., this took place in the late 19th century. The ratio between the number of rural and urban residents basically swapped because industrialization freed the bulk of the population from having to work in the fields to produce food for all. This phenomenon is occurring in China right now with her massive GDP growth in the last three decades. Despite the hundreds of millions of people having moved to urban areas, the number of Chinese citizens residing in the rural areas is still staggering – 750 million. If the final ratio is similar to other developed countries (which is likely), the scale of this population movement in the coming decades is mind-numbing. Imagine one billion people on the move in only a few decades!
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