Tuesday, March 31, 2015 | 5:30 PM EDT - 7:00 PM EDT

Cheung Kong Graduate School of Business |, New York, NY

China launched a new urbanization program for the period 2014–2020. It is intended to benefit China’s social and economic development by focusing on integrated urban and rural development, creating city clusters and promoting sustainable urban development. However, the design and implementation of the new urbanization program may also bring new social and economic problems, such as widening the gap in urban development between different regions in China, leading to the formation of a new urban poor class. To minimize negative effects of the new policy, Professor Hu Biliang suggests ways to deal with the relationships between the market and government and between economic and social development in the process of urbanization. The key is to allow the market to determine the flows of capital, land and people in the process of urbanization to achieve sustainable urban development. Professor Hu discussed China’s new urbanization program at a National Committee event on March 31, 2015 in New York City.

Hu Biliang

Hu Biliang (胡必亮) is a professor and dean of the School of Development Studies at Beijing Normal University. His main research interests are development economics, institutional economics and agricultural economics. His current projects include the study of agriculture and rural development. His English language monograph, Informal Institutions and Rural Development in China, is considered an important contribution to the discussion of China’s new urban development model.

Dr. Hu Received his Ph.D. in economics from the School of Economics and Management, Witten/Herdecke University (Germany), and his M.Sc. degree from the Asian Institute of Technology (Thailand) and the University of Dortmund (Germany). He spent more than two and a half years as a post-doctoral researcher at Harvard’s Kennedy School of Government.