Economy
In reply to the discussion: STOCK MARKET WATCH -- Monday, 17 March 2014 [View all]Ghost Dog
(16,881 posts)BEIJING (dpa-AFX) - China unveiled measures to speed urbanization in a bid to provide impetus to economic growth through lifting income and consumption among rural residents.
In its urbanization plan for 2014-2020, the government said Sunday it will reform 'hukou' registration, and improve water safety as well as air quality.
The 'hukou' a complex household registration system discourages rural residents to move and settle in urban areas. Easing controls on residency status will unlock huge income potential and raise domestic demand.
'Domestic demand is the fundamental impetus for China's development, and the greatest potential for expanding domestic demand lies in urbanization,' state news agency Xinhua said citing the plan from China's State Council...
... In an another release, Xinhua said the government will increase funding for railways, civil aviation network and improve connectivity among cities. The regular railways will cover cities with more than 200,000 residents by 2020...
/... http://www.finanznachrichten.de/nachrichten-2014-03/29704959-china-unveils-urbanization-plan-020.htm
... It's been a long time coming. A change is gonna come...
... A baby hatch in southern China has been forced to suspend work after hundreds of infants were abandoned, overwhelming the centre, its director says. More than 260 children had been left at the welfare home in Guangzhou since 28 January, director Xu Jiu added...
... China introduced the centres so parents could abandon infants safely rather than leaving them in the streets...
... All the abandoned infants had illnesses, such as cerebral palsy, Down's syndrome and congenital heart disease, the bureau added.
It is thought that many parents abandon ill babies because they fear they cannot afford the medical care required...
/... http://www.bbc.com/news/world-asia-china-26607505