Former Central Bank Adviser Urges Utilization of Special Bonds to Elevate Services for Migrant Workers

Friday, 22 March 2024, 00:00
In a bid to drive economic growth, China's ex-adviser stresses the significance of utilizing special bonds to enhance services for the country's massive population of migrant workers, rather than focusing on lavish infrastructure projects. By channeling resources towards improving facilities and opportunities for migrant workers, the country aims to stimulate consumption and invigorate its economy. This strategic shift could potentially play a pivotal role in reshaping China's economic landscape towards sustainable growth.
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Former Central Bank Adviser Urges Utilization of Special Bonds to Elevate Services for Migrant Workers

China’s Ex-Adviser’s Perspective

A former central bank adviser highlights the value of redirecting special bonds towards the improvement of services for China's extensive migrant worker population.

Strategic Priority

Instead of channelling funds into lavish infrastructure projects, focusing on enhancing facilities for migrant workers is seen as a critical strategy to drive consumption.

  • Enhancing services for migrant workers could significantly impact China's economic trajectory.
  • The shift towards consumer-driven growth is crucial in shaping the country's economic landscape.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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