Shanghai will restrict its population to 25 million

Shanghai will restrict its population to 25 million

China's financial hub of Shanghai is on the verge of restricting its population to about 25 million  by 2035 as part of an attempt to handle a so-called "big city disease", as the cabinet has told.

On Monday, the State Council informed on its website that the objective to control the size of the city happened to be part of Shanghai's ambitious masterplan for 2017-2035, already approaved by the government body.

The State Council told that by 2035 Shanghai’s population is going to be strictly controlled at approximately 25 million and the overall amount of land made available for construction won’t surpass 3,200 square kilometers.

State media has labeled "big city disease" as a serious threat when a megacity turns plagued with, traffic congestion, environmental pollution as well as a shortage of public services, such as medical care and education.

A great number of China's biggest cities come across soaring house prices, thus driving fears of another property bubble.

 

Similar

USD Holds the Line
USD Holds the Line

The US dollar index keeps rounding above the 103.60 historical support level. The buyers have already defended this level for three weeks, highlighting their interest in the greenback. Thus, buying USD looks less risky right now. 

Latest news

Increased Volatility is Coming
Increased Volatility is Coming

The Reserve Bank of Australia (RBA) will make a statement and release a Cash Rate on February 7, 05:30 GMT+2. It's among the primary tools the RBA uses to communicate with investors about monetary policy.

Market Crash Incoming?
Market Crash Incoming?

This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.

What Currency Will Overperform?
What Currency Will Overperform?

S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera