China is undergoing incredible growth mainly due to urbanization. It is moving towards 60-70% of the people living in cities from around 40-50% now. It's abo

China is undergoing incredible growth mainly due to urbanization. It is moving towards 60-70% of the people living in cities from around 40-50% now. It's about half way along the process right now and will complete in ~15 years bringing it to the level of developed nations. Exact figures vary based on who you believe. Interestingly this growth stops around the time they run in to the demographic brick wall with more older people than younger due to the single child policy. Not going to be pretty in the late 2020's for China I think.