China faces social, financial risks in urbanisation push
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Buy SPH photosBEIJING (REUTERS) - China's urbanisation drive could fuel social unrest over land disputes and pose financial risks if money is thrown around recklessly, a senior communist
party official and a leading economist said on Thursday.
Shifting people from the countryside to cities is a policy priority for China's new leaders as they seek to sustain economic growth that last year slowed to a 13-year low of 7.8 per cent.
The government hopes 60 per cent of China's population of almost 1.4 billion will be urban residents by 2020.
