Trend Capital-region concentration is spreading production and income gaps into asset polarisation

Summary

The strategy observes that persistent polarisation of production and income is deepening regional imbalance and spreading into asset polarisation. Decline of non-IT industrial complexes in the regions pushes young people toward the capital area in search of education and jobs, and firms move there to hire them. This feeds a vicious cycle of ever greater concentration in the capital region. As people and firms cluster in the capital area, money flows into its property market, driving up apartment prices and triggering property-centred asset polarisation. The government presents these links as part of why K-shaped growth is becoming entrenched.