Cities 'may gain from financial crisis'

Major Chinese cities such as Shanghai and Beijing could gain from the global financial crisis, which is reshaping the world's financial landscape.

Jiang Zhenghua, former vice-chairman of the National People's Congress Standing Committee, made the comment yesterday while calling for more infrastructure investment to speed up China's urbanization amid the financial crisis.

"The global financial crisis has offered an opportunity to bring Chinese cities on the world's center stage," Jiang said at the launch of a report on China's urbanization in Beijing yesterday.