Editor's note: Urbanization is definitely the buzzword of the year, as it is expected to create the biggest domestic demand in the country. China Daily now would like to focus more on how urbanization affects people's everyday lives and how enormous business potential will be created.
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A new opportunity for prosperity International consumer brands have long since identified the importance of the Chinese market. But most brands have tapped only into first- and some second-tier Chinese cities. A vast number of cities are still largely untapped.[ Full Story]Unilever targets West China's vast market China to account for 30% of new auto sales
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The high cost of moving to a city Despite all the consumption potential shown by people like Su, surging housing prices overshadow and restrain it. To own a property of their own, many new city dwellers have to cut down on their daily expenditures. [Full Story] |
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Urbanization: Not just building homes Urbanization has different implications for different property developers. Vanke Co Ltd, China's largest developer in terms of market value, for instance, would like to be a more service-based company to better meet different demands from its community residents. [Full Story] Stable outlook for Chinese developers in 2014 |
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Demand for iron ore, steel to rise "We have confidence in China's iron ore demand because its urbanization requires a large amount of steel products in the coming years," said Neville Power, chief executive officer of Fortescue Metals Group Ltd, the third-biggest iron ore producer in Australia. [Full Story] Rio Tinto to boost iron ore capacity |
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Preview for 2014: Financial market
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Preview for 2014: Key PC players
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