China and other Asian economies have been promoting urbanization as one of their policy targets (Chart 6). Concentration of the population to cities, with a larger middle-income population, will lead to greater demand for high value-added products and services. Increasing investment in infrastructure Increased investment in infrastructure is likewise vital to stimulating both exports and domestic demand.
2/4  BIS - Central bankers' speeches  3 Rising interest rates and the big picture Interest rates are a factor not just for banks but for borrowers, too – and when I say that, I guess everyone here today is thinking of real estate loans.