China's state planner said on Friday it will roll out a plan to boost dispo...
FILE PHOTO: A woman selects vegetables at a supermarket in Beijing, China, April 11, 2019. REUTERS/Jason Lee/File Photo
BEIJING - China’s state planner said on Friday it will roll out a plan to boost disposable income this year and in 2020 to spur consumption as the economy slows. The plan will include further reforming the Hukou system - a family registration program that serves as a domestic passport and regulates rural-to-urban migration, and expanding channels for making non-salary income, said Meng Wei, spokeswoman at the National Development and Reform Commission .Data this week showed China’s economy stumbled more sharply than expected in July, with retail sales pointing to growing consumer caution, as the intensifying U.S.
China has been trying to quicken its urbanization process through relaxed requirements for obtaining Hukou in urban areas, although it keeps a strict cap in top-tier cities like Beijing and Shanghai.
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