China will relax residency restrictions in some major cities this year and step up development of key city clusters as part of new urbanisation push to boost the urban population and stimulate slowing economic growth.
China aims to increase China’s urbanization rate by at least 1 percentage point by the end of this year, part of its longer-term target of bringing 100 million rural population to cities over the five years to 2020, according to a document released by the National Development and Reform Commission (NDRC), the country's top economic planner.
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