CRI听力:China's New Plan Targets Quality Urbanization

New questions about cost are being raised following the release of the Chinese government's new urbanization strategy this week.

Under the so-called, National New-Type Urbanization Plan, the authorities hope to see the urban population increase from its current level of 53.7-percent to 60-percent by 2020.

The plan also calls for the construction of green cities, using ecological advancements in urban development to create both green production and consumption.

The new broad-based outline has not detailed any costs.

However, most observers expect the goals will require hundreds of billions of yuan in investment to achieve the government's overall vision.

For more on the new urbanization initiative, we are now joined live with Gao Shang, analyst with Guangtong Futures.