Infrastructure Development Announced to Support China's Population

It's widely known that China is home to one of the largest populations in the world, spread across the larger capitals and more rural areas. However as the population continues to grow over time, the Chinese government has announced a number of infrastructure projects across the country to accommodate this, as well as support its urbanisation plan.

Earlier this month, the Chinese State Council announced it will embark on 80 major public infrastructure projects across the country. These will include infrastructure to support information technology and railway and harbour construction.

The construction of railways is expected to be located around the central and western parts of the country. An April 9 article from People's Daily reported that the government will invest a total of 720 billion yuan in the country's railway system this year to meet demand. This funding will be spread across 49 total projects in China and will cover approximately 7,000 kilometres of brand new railway lines.

Along with this development, the Chinese government will also undertake development for energy projects to promote greener development in the country. Some of these will include the construction of hydropower plants and wind and solar power stations to provide residents with a greener solutions for electricity.

According to an April 20 article from Xinhua, Premier Li Keqiang told the media that the development in greener energy solutions would "ensure stable economic growth" in the country and " increase China's capability to safeguard energy security".

Not only will this infrastructure development support a rising population, but may accommodate for increased business investment in the country too.

Urbanisation in China

In recent years, the government has aimed to shift residents in rural communities into more urban centres of China. However, earlier this month the government created a city plan to integrate the areas of Beijing, Tianjin and Hebei.

Once integration plan has been rolled out, the three regions will provide a powerful economic boost to the region and could offer potential for property investment due to the large increase in population.

At the same time, the Chinese government will push through reforms to speed up the process of urbanisation on a national scale. An April 20 article from Xinhua highlighted that the government will push reforms to the management of data including land, population, capital and housing in order to boost urbanisation.