Chinese authorities expect the change will encourage around 100 million people to move to urban areas

I posted on it yesterday:

Bloomberg have a bit more posted now:

  • The move may also help boost housing demand in smaller cities, underpinning property prices.
  • Cities with an urban population of between 1 million to 3 million should scrap the residency registration system -- known as hukou -- this year, the National Development and Reform Commission said Monday.
  • Cities with a population of 3 million to 5 million should substantially ease residency requirements

Expect more of this …

Chinese authorities expect the change will encourage around 100 million people to move to urban areas