China expects urbanisation rate to near 70% in next five years

CHINA’S state council said on Wednesday (Jul 31) it expects the urbanisation rate of its permanent population will increase to close to 70 per cent in next five years, according to state media.

At the end of 2023, state figures showed that 66.16 per cent of the resident population lived in urban areas.

The state council issued a five-year action plan for an urbanisation strategy and said the plan is to “fully release the huge potential of domestic demand embedded in urbanisation,” the official news agency Xinhua said.

Part of the plan aims for a new round of actions to grant urban residency to rural people who have moved to cities. REUTERS