Focus on urbanization, Shanghai FTA

Editor's Note: This is China Daily's third forum to review the economy's performance in the first half of the year, with a focus on the issue of urbanization and trends that are encouraging or worrisome. The forum also considers the significance of the central government's recent decision to set up a Shanghai free trade zone.

Q1:

Does urbanization necessarily require large commercial building projects (like big office towers and central business districts) and thereby lead to more local debt?