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

Earnings Season is In Focus
Earnings Season is In Focus

Several largest American companies will publish their financial results this week. BTCUSD and XAUUSD are skyrocketing. What's going on in the markets?

Can XAUUSD Move Higher?
Can XAUUSD Move Higher?

The dollar's status as the world's reserve currency could only be recovered if the US controls its spending. The huge budget deficit and rising interest rates on the US national debt should scare every American, analysts say. Read the full report to learn more!

Latest news

The Yen Sets New Lows
The Yen Sets New Lows

The Japanese yen fell to its lowest level against the US dollar in 33 years. Read the full report to learn the next target for USDJPY!

BlackRock CEO Supports The USD
BlackRock CEO Supports The USD

BlackRock CEO forecasts the Fed may have to raise rates further. The US dollar index (DXY) gains 130 points today. Read the full report to get more fresh news and technical analysis!

Deposit with your local payment systems

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!

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