7 megaprojects that will transform Chinese cities by 2050

Thomson Reuters

A man walks at the financial district of Pudong in Shanghai.

China is rapidly urbanizing. More than half of China's population now lives in cities, and over 100 Chinese cities have over 1 million people each.

Many urban centers, like Shanghai and Shenzhen, have gone from modest fishing villages to booming megacities. Others have become mega-ghost cities - high-tech (often luxury) urban centers that fail to attract many residents.

Here's a look at some of China's largest real estate developments that will change its cities even more.