Investors home in on urban growth

The urbanization drive will create "appealing" business opportunities for US investors, a leading trade promoter said.

US investors are considering partnering with local governments in a senior citizen program in 10 major cities, said Barter Wu, chairman of the US-China Economic and Trade Promotion Association.

Under the program, local governments will set up satellite communities and 30 percent of senior citizens from city centers will be relocated to the new urban areas.