BEIJING (REUTERS) - China will relax residency curbs in many of its smaller cities this year and increase infrastructure spending, the state planner said on Monday (April 8), in a fresh push to boost the urban population and revive slowing economic growth.. Read more at straitstimes.com.
BEIJING - China will relax residency curbs in many of its smaller cities this year and increase infrastructure spending, the state planner said on Monday , in a fresh push to boost the urban population and revive slowing economic growth.
The latest push is part of its longer-term goal of bringing 100 million people into the cities over the five years to 2020."This will provide strong support for maintaining sustained and healthy economic development and overall social stability," the NDRC said in a notice on its website. For cities of three to five million, which include many provincial capitals, such restrictions will be"comprehensively relaxed", although the NDRC did not provide specifics on such moves.Without a permit, a resident of a city is denied access to many public services, such as education and healthcare. These restrictions have often been blamed for pushing migrants to the margins of society in China's cities.
The Financial News, a newspaper controlled by China's central bank, on Monday called for local governments to prepare policy plans to prevent fluctuations in the property market that negatively impacted consumer rights and financial stability.
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