Free Trial

MNI BRIEF: China To Promote Migrates' Rights, Reform Hukou System

MNI (Singapore)
(MNI)Beijing

China plans to promote public services for migrate workers while pushing reform to household registrations, or the Hukou system, and advance market-oriented reforms in monopoly sectors, said Han Weixiu, deputy director in charge of routine work at the Office of Central Financial and Economic Affairs Commission in a press conference on Friday.

The authorities will implement a system where public services are provided based on permanent residence registration, accelerate the urbanisation of the migrant workers, and improve social security systems for flexible employees and new employment forms for migrant workers, Han revealed.(See MNI INTERVIEW: China Eyes Significant Special Treasury Issuance)

Beijing will advance market-oriented reforms in monopoly sectors such as energy and railways, strengthen the growth of state-owned capital and enterprises and implement value-added accounting for the state-owned economy, he said.

China will also build a unified national market, which includes integrating urban and rural construction land markets, standardising national technology and data, and creating a unified electricity sector, he said.

True

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.