Multi Trillion Dollar Chinese Urbanization Program to Lead to a Multi-Billion Dollar Safe City Market
China is pushing ahead with its massive multi-trillion dollar plan to transfer 250 million (roughly the total urban population of the U.S.) rural residents into newly constructed cities. The goal of the plan is to decisively solve the rural-urban income gap by creating a prospering urban middle class of over 700 million people. This urbanization will supply low cost workforce and create a growing consumer demand for goods and services. Thus, this program is viewed as the key to maintaining the nation’s continued economic development. This massive relocation is generating harsh opposition requiring the Chinese government to go to extreme ends to maintain control of the process. The government is committed to spending 10s of billions on high-end technologies to maintain the public safety and security of their cities.