More than 100,000 Beijing residents — and rising — are trying to get their hands on a government-subsidized, affordable housing unit from the capital's first owner-occupier commercial property project.
The plans come as a shining example of China's work to tap its mass urbanization to facilitate economic upgrading and sustainable growth.
A new national urbanization plan will be released and implemented next year, according to a statement from the Political Bureau of the Communist Party of China.
The process of urbanization in China will cost at least 80 trillion yuan ($13.1 trillion), a researcher from the Ministry of Finance said at a forum on Thursday.
More than half of China's cities and counties, including those in depressed areas, will "soon" be exempt from evaluation by annual GDP growth targets.
China aims to cultivate 800 million mu (53.33 million hectares) of high-standard farmland by 2020, said an economic planning official on Tuesday.
After four years working in a city, Yin Tao, 27, in casual clothes with framed glasses, looks just like an average Chinese urbanite.
Building smart, green and low carbon cities are the global trend in urbanization, as well as EU's strengths and China's development goal.
Cooperation on urbanization will be the next big thing to promote China-EU relations, Premier Li Keqiang said.
Urbanization reform is expected to give rural residents the chance to benefit more from China's development, said Chen Xiwen, a senior rural planner.
Urbanization and legal reform are two big issues faced by Chinese leaders currently, experts said on Saturday.
Ten percent of China's wetlands have vanished over the past decade as urban development has advanced.
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