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PR Newswire
09-09-2013, 10:04 AM
The urbanisation is also an important indicator for China policy decision, thus the individual investment decision in China...
Urbanisation drive in China to have ‘human focus’
BEIJING — China’s Premier, Mr Li Keqiang, wants his plan to turn more Chinese into city dwellers to be humanity-centred, focusing on quality of life and the environment and driven by job creation, the official China Daily newspaper reported yesterday.
Mr Li has an ambitious plan to boost the urban population by 400 million over the next decade, a key plank in a reform effort to restructure the economy away from credit and export-driven growth to one where consumers provide the main impetus.
But the plan faces obstacles, including a lack of infrastructure in cities to deal with the influx of new residents and the cost of building it, leading to concerns that a spending binge could push up already high local debt levels and inflate the property bubble. The need to reform a complex system of residency registration, or hukou, that controls the benefits residents can enjoy is also a sticking point.
The China Daily said on its website that Mr Li met a group of experts recently to discuss the urbanisation drive, in a sign of his concern over driving the policy. It quoted some of the experts as saying that young migrant workers wanted to stay in the cities they had moved to, but few had access to social security, education and housing benefits under the hukou system.
Other experts noted the need for sufficient economic growth to create the jobs needed to support urbanisation, so there should not be an overly aggressive target for urbanisation.
Mr Li, who wrote a thesis on urbanisation in the early 1990s, said the government should first identify areas of consensus, like the redevelopment of slum communities on the edge of cities, as a base for steps towards urbanisation. In July, a government think-tank said the cost of settling China’s rural workers in cities could be 650 billion yuan (S$135.2 billion) a year, or about 5.5 per cent of last year’s fiscal revenue.
Policymakers, planners and government advisers are currently drafting proposals on how to implement Mr Li’s vision that will be presented to the Communist Party’s top leaders in November. Reuters
http://www.todayonline.com/chinaindia/ch...uman-focus
Urbanisation drive in China to have ‘human focus’
BEIJING — China’s Premier, Mr Li Keqiang, wants his plan to turn more Chinese into city dwellers to be humanity-centred, focusing on quality of life and the environment and driven by job creation, the official China Daily newspaper reported yesterday.
Mr Li has an ambitious plan to boost the urban population by 400 million over the next decade, a key plank in a reform effort to restructure the economy away from credit and export-driven growth to one where consumers provide the main impetus.
But the plan faces obstacles, including a lack of infrastructure in cities to deal with the influx of new residents and the cost of building it, leading to concerns that a spending binge could push up already high local debt levels and inflate the property bubble. The need to reform a complex system of residency registration, or hukou, that controls the benefits residents can enjoy is also a sticking point.
The China Daily said on its website that Mr Li met a group of experts recently to discuss the urbanisation drive, in a sign of his concern over driving the policy. It quoted some of the experts as saying that young migrant workers wanted to stay in the cities they had moved to, but few had access to social security, education and housing benefits under the hukou system.
Other experts noted the need for sufficient economic growth to create the jobs needed to support urbanisation, so there should not be an overly aggressive target for urbanisation.
Mr Li, who wrote a thesis on urbanisation in the early 1990s, said the government should first identify areas of consensus, like the redevelopment of slum communities on the edge of cities, as a base for steps towards urbanisation. In July, a government think-tank said the cost of settling China’s rural workers in cities could be 650 billion yuan (S$135.2 billion) a year, or about 5.5 per cent of last year’s fiscal revenue.
Policymakers, planners and government advisers are currently drafting proposals on how to implement Mr Li’s vision that will be presented to the Communist Party’s top leaders in November. Reuters
http://www.todayonline.com/chinaindia/ch...uman-focus
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