China Urbanization Still Over 40 Years Behind US: Goldman
China urbanization is far behind that of the US, Japan, Germany, and South Korea. In fact, according to a new report from analysts at Goldman Sachs, by 2050 (37 years from now) China will still be lagging behind all three countries (see chart below). China Urbanization rate will increase rapidly, but it will not be enough to catch up with more ‘developed’ countries. This will have a profound impact on the global economy and investing in China. Whether China will catch up to the US in terms of GDP is a far different question. Below is an excerpt from the Goldman Sachs report on China Urbanization followed by the full report in scribd.
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