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- PolicyPolicy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: - G10 MarketsG10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts - Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- CommoditiesCommodities
Real-time insight of oil & gas markets
- CreditCredit
Real time insight of credit markets
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- MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
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Free AccessMNI: China Promotes Urban-Rural Migration to Boost Consumption
BEIJING (MNI) - China's top planner announced measures to accelerate the
urban-rural population migration and help boost domestic demand amid a slowing
economy.
The National Reform and Development Commission (NDRC) launched an extensive
inspection on the reform of the Hukou system, or household registry, on
Wednesday, aiming to give formal residencies to 100 million rural population
dwelling in urban areas now, Xinhua News Agency reported.
The inspection focuses on whether authorities have boosted financial
supports, infrastructure investment and urban construction land supply to settle
the rural migrants. It will also review municipal governments on whether they
have provided a fair treatment of basic public service for farmers moving in the
cities.
Promoting the urban settlement of 100 million non-registered people is the
"organic bonding point" of boosting domestic demand and improving welfare, the
NDRC said.
The plan was first unveiled by the State Council in 2016. It sought to
encourage those with the ability to work and live in the cities to become urban
residents by giving them associated benefits.
Hukou is China's system of household registration that records people's
basic information and permanent residency. A citizen's Hukou determines access
to housing, education, and medical treatment, among other social provisions.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: wanxia.lin@marketnews.com
--MNI Beijing Bureau; +86 10 8532 5998; email: william.bi@mni-news.com
[TOPICS: M$A$$$,M$Q$$$,MI$$$$,MT$$$$,MGQ$$$]
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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.