(Reuters) – The cost of settling China’s rural workers into city life in the government’s urbanization drive could be about 650 billion yuan ($106 billion) a year, the equivalent of 5.5 percent of fiscal revenue last year, a government think-tank said on Tuesday.
The figure is based on the assumption that 25 million people a year settle in cities, with the government spending the money on making sure they enjoy the same benefits in healthcare, housing and schools that city residents have, the Chinese Academy of Social Sciences(CASS) said.
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Xiaoyi Shao and Jonathan Standing, Reuters via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/kAN9C8NDT-A/
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