Monday, August 20, 2012

China's rural migrants key to consumption -government report

China's rural migrants key to consumption -government report
BEIJING (Reuters) - China's domestic migrant labor force could power consumer spending growth in the world's second biggest economy if workers had better access to basic welfare services in the cities where they live and work, a new government report says. The 230 million-strong migrant workforce drives China's economy, but a lack of access to education, health and other services tied to the country's strict household registration - or hukou - system forces massive saving, restraining Beijing's efforts to shift growth's focus to consumption from investment. ...
Source: news.yahoo.com

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