• China to relax residency curbs, boost infrastructure in new urbanisation push

Market news

8 April 2019

China to relax residency curbs, boost infrastructure in new urbanisation push

China will relax residency curbs in many of its smaller cities this year and increase infrastructure spending, the state planner said, in a fresh push to boost the urban population and revive slowing economic growth.

The National Development and Reform Commission (NDRC) said it aims to increase China's urbanisation rate by at least 1% by the end of this year.

The latest push is part of its longer-term goal of bringing 100 million people into the cities over the five years to 2020. In 2018, 59.6% of China's population lived in urban areas.

"This will provide strong support for maintaining sustained and healthy economic development and overall social stability," the NDRC said.

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