Transcript
CHRISTINE LOH: I will touch on China as a whole. You will be seeing some satellite aggregate pictures of pollutants. I will focus quite a lot on Hong Kong, which is also a proxy for Southern China as a whole and, of course, it is part of the China development story.
Well, I am just going to run through some numbers very quickly. These are numbers that you read regularly in international media. I am not going to read everything out. Basically, the pace of urbanization and industrialization in China has just been tremendous for the last 25 years.
Just so that we have a reference point, in about the mid-1950s, 60 percent of Japanese were still in agriculture. Today in Japan, there are only 3 percent of the population that engage in agriculture. Just imagine -- with this tremendous urbanization process, by about 2040, what would be the proportion of people living in rural areas and engaged in agriculture?
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