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its urbanization process. Lastly, it plans to have development of urban and rural areas fully integrated by the middle of the century.
Under the plan, China will relax restrictions on new migrants to urban areas, excluding some mega cities.
hen Liuqin, founder and director-general of Beijing-based Qin Dian Think Tank, said the stimulus policy d
emonstrates the government’s commitment to pursue a balanced and integrated development of rural and urban areas.
“The integration of rural and urban areas is not meant to eliminate differences between them, but r
ather to optimize allocation of resources and boost common development,” Chen added. “We sho
uld abandon the fixed mindset and consider both rural and urban areas as a unified ecosystem.”
According to Chen, with the high-quality development strategy and more integration, there is huge market potential in many cities.
Specifically, the government will increase spending on rural infrastructure, including roads, ferries and public tran
sport. And it will encourage public-private partnerships in rural infrastructure such as water supply, waste
management and sewage treatment, farmers markets, power supply, telecommunications and logistics.