China: Planning for An Urban Future

In March 2014, the Chinese Government announced the launch of its National New Urbanization Plan. The plan will transform China and will present opportunities in almost every sector—health care, entertainment, construction, energy, urban planning and many others. The New Urbanization Plan is a key part of the Government’s economic strategy, which seeks to rebalance the economy away from reliance on investment and exports and toward growth led by consumer spending.  As urban consumers see their disposable incomes rise and the Chinese Government pushes to improve quality of life for its citizens, there is potential for growth in a number of sectors for global businesses.  Inadequate preparation can cultivate poor investment decisions and expose firms to risks.