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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: RealMuLan who wrote (6310)5/13/2004 1:34:24 PM
From: RealMuLan  Read Replies (2) of 116555
 
The second industrial revolution


Shanghai has been the template for many of the developments
The biggest mass migration in the history of the world is under way in China, and it is creating what some are calling the second industrial revolution.
A massive building boom unparalleled anywhere is taking place - last year, half of the concrete used in construction around the world was poured into China's cities.

And the demand for these new apartments, office blocks and skyscrapers is coming from China's rural masses - people intent on heading to the cities along the eastern coastline of the country.

"In the next 25 years, 345 million people are going to move from the rural areas into the city areas, which is the biggest mass migration of people ever, anywhere," Guy Hollis, of international real estate agents Jones Lang LaSalle, told BBC World Service's Global Business programme.


news.bbc.co.uk
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