# China's urbanisation 2.0

An episode of [Under the Banyan Tree by HSBC Global Research](https://invisiblenetwork.ai/podcast/1702829388), 4 Jun 2026, 14 min.

Audio: https://sphinx.acast.com/p/open/s/64db93c01796c400110e0ce3/e/6a212f6105612a0fee3d36ae/media.mp3

Could spending by migrant workers move the needle for Chinese GDP? Chief China Economist Jing Liu says yes, thanks to a new government policy that broadens the social safety net. For more content from HSBC Global Investment Research, follow us on LinkedIn: #HSBCResearch. And don't forget to follow our global podcast "The Macro Brief" on YouTube, Apple Podcasts, Spotify, or wherever you get your podcasts. Email us at AskResearch@hsbc.com for any questions. Click here for appropriate Disclosures, including analyst certifications, and Disclaimers that must be viewed with this podcast: https://www.research.hsbc.com/R/101/Sw9nZhh Hosted on Acast. See acast.com/privacy for more information.

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