Mass relocation of farmers happening in China, what reason for this massive relocation is to Urbanize or to improve consumer spending or something else ?? 56 Percent of China population lived in Urban areas. China wants to reduce its stockpile of unsold homes especially in smaller cities built during a property boom, their real estate is almost at peak and property bust on cards have to wait and watch.
China Debt is also increasing at faster rate, how will China manage all these things and continue to be second largest economy in the world with problems lingering around.
Spending increase in rural site will boost economy but following footsteps of China will be disaster to India.look at the global problem worldwide debt is nearly $200 trillion and Indian is on penultimate position, looking at Ireland and China are racing..Fueling growth with Debt is a problem ? looking home the way R-Cube(Raghu Ram Rajan) took action against the NPA was a good move and strengthen the fundamentals. lets embrace growth with sound fundamentals.
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