The number of people moving to cities has slowed to 17 or 18 million annually, down from 20 million at the peak, said Tang Wang, a China economist at UBS in Hong Kong.
China's rapid urbanisation ending, says Wang Jianlin
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Billionaire Wang Jianlin says China's era of rapid urbanisation will end within a decade, so he is speeding up his company's shift toward tourism and entertainment after a US$ 3.7 billion (RM12.95 billion) initial public offering.
