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JLL has been tracking China’s rapid urbanisation for a decade. In the three years since we last reported on these markets, the landscape has changed as China moves from fast, investment-fuelled growth to a more sustainable model of higher-value, consumption-based growth – the 'new normal'. Quality of life, cultural assets and environmental considerations are coming to the fore as cities compete for talent and businesses. Real estate will play an important enabling role in improving the liveability and sustainability of China's cities as the urbanisation process continues.?
Keywords: China, Mega City, economic development, urbanisation
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