Get Even More Visitors To Your Blog, Upgrade To A Business Listing >>

Former Chinese central bank chief calls for end to ‘hukou’ red tape

Former People's Bank of China Governor Yi Gang has called for the relaxation of China's "hukou" household registration rules to stimulate domestic consumption and boost the property market. The "hukou" system restricts access to services and property ownership to natives of a given area. Yi suggests implementing city-specific policies and easier loan terms for landlords to boost housing demand. While some reforms have been made to the system, prominent commentators, including Yi, have called for its complete abolition to address regional inequality. However, it is uncertain whether such reforms would significantly impact consumption.

The post Former Chinese central Bank Chief Calls for end to ‘hukou’ red tape appeared first on Balanced News Summary.



This post first appeared on Balanced News Summary, please read the originial post: here

Share the post

Former Chinese central bank chief calls for end to ‘hukou’ red tape

×

Subscribe to Balanced News Summary

Get updates delivered right to your inbox!

Thank you for your subscription

×