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China's path of urbanization worth learning from for other countries: U.N.-Habitat chief

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China's path of urbanization worth learning from for other countries: U.N.-Habitat chief

2025-07-19 16:20 Last Updated At:17:07

China's path of urbanization provides important message to other countries that are undergoing urban transformation, particularly in Africa, said Anaclaudia Rossbach, executive director of the United Nations Human Settlements Program (U.N.-Habitat).

In an interview with China Media Group (CMG) released on Friday, Rossbach highly commented on China's approach to urban development which prioritizes not only poverty reduction but also access to essential services and a high quality of life.

"China was able to lift 800 million out of poverty and then go into a path of urbanization. I think this is a critical message, especially if you look at countries in Africa. The importance of cities to overcome poverty is critical. So I think we should note that housing people and housing people in cities where people can have access to education, to jobs, to opportunities, where people can have access to health services and stay healthy. So this is one critical information that we should work on and should be part of the narrative," Rossbach said.

Beyond just providing housing, she stressed the importance of creating well-planned urban environments that foster social harmony.

"And then [it's] not only lifting people out of poverty, but also the idea of providing territories, providing spaces where people can live in a harmonious way with each other, enjoy the proximity of services, enjoy the proximity to cultural, leisure, sports [facilities], enjoy the public spaces, enjoy the green spaces and this harmony with nature that we spoke before," she added.

China's path of urbanization worth learning from for other countries: U.N.-Habitat chief

China's path of urbanization worth learning from for other countries: U.N.-Habitat chief

China's outstanding aggregate social financing -- the total amount of financing to the real economy -- reached 442.12 trillion yuan (about 63.4 trillion U.S. dollars) as of the end of 2025, up 8.3 percent year on year, central bank data showed on Thursday.

The country's aggregate social financing stood at 35.6 trillion yuan (about 5.1 trillion U.S. dollars) in 2025, up by 3.34 trillion yuan (about 479 billion U.S. dollars) from the year 2024, said the People's Bank of China (PBOC), the country's central bank.

According to the data, the M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 8.5 percent year on year to 340.29 trillion yuan (about 48.8 trillion U.S. dollars) as of the end of December.

In addition, outstanding yuan loans stood at 271.91 trillion yuan (about 39 trillion U.S. dollars) at the end of 2025, up 6.4 percent year on year.

China's aggregate social financing maintains high growth in 2025

China's aggregate social financing maintains high growth in 2025

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