A price tag with 12 zeroes
by Verena Nowotny
The price tag is impressive. 42 trillion Yuan (5 trillion Euro) is the budget announced by the Chinese Ministry of Finance to raise the level of urbanization in China to 60 per cent by 2020.
A recent article in China Digital Times gives an overview about the discussion concerning these massive plans.
TAGS: budget | China | urbanization | World Bank |