The population of China’s rural migrant worker, a source of cheap labour for the economy, grew at the slowest pace in decade last year. Analysts say the slower growth was in part driven by the economic slowdown, though the rapid urbanization process is also a factor.
The number of rural migrants working in cities increased 1.84 million, or 0.6 per cent year-on-year, to 288.36 million in 2018, the lowest rate of growth in ten years and the first slowdown since 2015 , shows a report from China’s National Bureau of Statistics.
The increase is . . .
To continue reading, please subscribe.
We highly value independence. Yuan Talks is solely funded by subscriptions from thousands of intelligent readers like you.
What you'll get:
- Systematic, timely and data-driven reporting on China's economy and financial markets with details, data and perspectives you don't read elsewhere!
- Daily Brief newsletter delivered before market open every weekday wrapping up the most important China-related stories.
- Weekly Market Wrap-up on A shares, Chinese bonds, the Yuan and commodities!
- Interviews with China experts. We find you insights you should never miss!
- Conference calls and events. Nothing is better than talking to newsmakers, experts and reporters directly, right?
Already have an account? Sign In