Under the background of complex and volatile international situation, coupled with emerging social problems at the domestic level, China has made great effort to stimulate transformation of economic structure. Under the banner of scientific development, government focuses on improving and safeguarding people's well-being. At the same time, income level for both urban and rural residents continues to rise, as well as the scale of domestic consumption. Meanwhile, the prices on basic household necessities have been stabilized, inflation rate is kept under control, the employment situation has improved dramatically, and the establishment of social security system in rural areas has stepped into a new stage. In 2011, China's urban population outnumbers rural population for the first time throughout China's history, which announces that China, traditionally known as an agricultural society with thousands of years of civilization, has crossed the threshold of urbanization and reached a new phase of development. The rising percentage of urban residents should not be interpreted as a simple statistical change. Instead, behind the number, it represents a substantial transformation of the mode of production, occupation distribution, people's consuming behavior, their life-style, and values and worldview. After the phase of industrialization, urbanization becomes the new engine for China's economic growth. <<