For more on the macroeconomics agency of the Chinese State Council, go to the National Development and Reform Commission of the People’s Republic of China’s (中华人民共和国国家发展和改革委员会) English online presence.
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China’s 20 year plan to urbanize 500 million people by 2034
Posted by Brian Wang
Source – Big Next Future, published May 19, 2013
After extensive consultation, co-ordinated by the National Development and Reform Commission, the long-term plan for China’s urbanisation is being finalised. Behind all the complex issues is one fundamental question: how will it be paid for?
Here the ballpark costs of $400 billion per year are suggested to use increased taxes and temporarily increasing the budget deficit from 2% of GDP to 5% and redirecting funds from rural land acquisition.
The costs of urbanization could be reduced by leveraging the factory mass produced skyscraper technology of Broad Group. China’s Broad Group is building the Sky City One using factory mass production. It is to likely completed after 90 days of assembly late in 2013 and the projected cost for the building is RMB 4 billion (US$628 million). Sky City will boast 220 floors, 1 million square meters (11 million square feet) of floor space and 104 elevators, according to the preliminary plans. It will cost $63 per square foot and house 30000 people in 4500 apartments. Five hundred Skycities would cost $314 billion (and costs could go down by having the follow on buildings being learned to be built for less). They would house the 15 million people each year that are urbanized. They would also have all of the schools, offices, hospitals and other facilities that were needed.
Please click here to read the full article at Next Big Future