(MENAFN- Qatar News Agency) China's urbanization rate is expected to hit 60% by 2018 at the current rate of urbanization, according to a blue book released by the Chinese Academy of Social Sciences.
China's urbanization rate will top 54% by the end of 2013, China's (Xinhua) News Agency reported
Every one percent of growth in gross domestic product created 1.3 million to 1.7 million jobs in China's urban areas in 2012, the book said, adding that a total of 12.66 million jobs were newly added last year
The income of both rural and urban residents saw an increase from 2010 to 2012
However, there is a large income gap between the two, the book said
Annual per capita income in the highest income households was 20 times more than that of lower income families, it added.
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