China’s State Council stressed Sunday that the nation’s urbanization efforts must be people-oriented, Shanghai Securities News reported Monday. The comments came as authorities map out urbanization policies for 2014-20, the report said. Professor Xu Hongcai, deputy director of Information Department at the China Center for International Economic Exchanges, said urbanization will involve massive investments and bring huge job opportunities as authorities step up spending on infrastructure such as railways, electricity, gas, water and sewage facilities. Hundreds of millions of rural residents will be able to boost their incomes and form a larger spending entity to fuel the country’s economic growth, the report said.
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