The urbanization of China and the growth of new labor-rich cities is only just beginning, according to this piece from Dan Steinbock.
Third- and fourth-tier cities are experiencing similar growth patterns to the second-tier cities so much in the news today.
"During the past decade, the economic success of these megacities has been spilling over into other tiers of Chinese cities. Even before the onset of the global financial crisis, second-tier cities – such as Suzhou, Tianjin, Shenyang, Chengdu, Dalian and Chongqing – had already attracted significant attention with investments from global corporate giants.
At the same time, third-tier cities, from Ningbo and Fuzhou to Wuxi and Harbin, have been following in the footprints of first- and second-tier cities. Behind these three tiers of rapidly-growing urban agglomerations, there are still others such as Kunming and Hefei, seeking to take advantage of the urban growth trajectories. "
FULL STORY: China’s Urbanization: It Has Only Just Begun
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