The Paper:

Promoting people-centered new urbanization is a systematic project. To ensure that rural migrants have the desire, ability and conditions to live in cities long term, what measures are included in the package of incremental policies to accelerate the construction of new urbanization? Thank you.

Zheng Shanjie:

Thank you for your question. It is a very comprehensive one. The CPC Central Committee and the State Council have recently issued a document on new urbanization. I will invite Ms. Zheng Bei to answer this question.

Zheng Bei:

Thank you for your question. As you mentioned, promoting people-centered new urbanization is a systematic project. After the State Council issued the "Five-Year Action Plan on Deepening the People-Centered New Urbanization Strategy" on July 28, we have been working closely with relevant departments to refine key tasks for this year and next year. We are conducting specialized training at the provincial, municipal and county levels, focusing on tackling bottleneck challenges in advancing new urbanization through pilot projects. To accelerate the development of people-centered new urbanization, we emphasize within the package of incremental policies four key actions outlined in the five-year action plan to increase policy support and implementation efforts.

First, in the implementation of a new round of urbanization for rural migrant populations, we focus on removing bottlenecks in the urbanization process for over 170 million rural migrant workers and their accompanying family members. To address difficulties with obtaining household registration in big cities, we are prioritizing speeding up the relaxation of household registration requirements in cities with a permanent resident population of over 3 million, establishing community public household registration systems and improving policies for obtaining household registration through renting. To address the pressing concerns of rural migrant populations, such as education and health care, we are increasing support through ultra-long-term treasury bonds for projects such as the building of high schools and the renovation of hospital wards in cities that experience significant growth in population.

Second, to raise the level of urbanization in potential regions, we focus on addressing issues such as insufficient carrying capacity of county seats and weak industrial foundations. By actively leveraging local government special bonds and medium- to long-term loans from policy banks, we are accelerating the construction of basic infrastructure and industrial support facilities in county towns. This effort aims to promote industry alignment and cooperation between the central and western regions as well as the eastern region, facilitating the implementation for a number of major projects.

Third, to cultivate modern metropolitan areas, we focus on connecting intercity transportation's "dead ends" and “traffic bottlenecks.” By strengthening financial support through local government special bonds and other means, we are constructing a series of municipal (suburban) railways, intercity railways and urban expressways to create commuting circles, industrial clusters and living circles, thereby enhancing the level of integrated urban development.

Fourth, to enhance urban safety and resilience, we focus on eliminating risks and vulnerabilities in urban construction. We are prioritizing infrastructure projects like underground pipeline networks; planning next year's investment projects in advance; vigorously implementing urban lifeline safety projects; and accelerating the improvement of flood controls and drainage systems. These actions are all aimed at promptly addressing shortcomings in urban safety and resilience.

New urbanization serves as a "multiplier" for expanding consumption and an "accelerator" for driving investment. We will work with relevant departments to fully leverage the significant role of new urbanization in boosting domestic demand, providing strong support for stable, healthy and sustainable economic development. Thank you!

Shou Xiaoli:

Let's continue with the questions. Due to time constraints，the last two questions please.