GK Dragonomics, a consultancy, thinksChinaneeds tobuild roughly 10m homesa year to keep up with the growingsize and aspirations of theurbanpopulation (seearticle).
Arthur Kroeber of GKDragonomics, a consultancy, says the country still enjoys a considerable tailwind from urbanisation and a huge potential for productivity gains as it adopts new technology.
Despite China's explosion of new housing over the past decade, an estimated one third of China's 225 million urban households are without kitchens and plumbing, says Rosealea Yao of GKDragonomics Research.