China accelerates consumption-driven growth model

The plan aims to alleviate rigid expenditure pressure to release consumption willingness

The special action plan emphasizes the protection of flexible employees, rural migrant workers, and workers in new forms of employments, focusing on securing their rights in childbirth, childcare, education, healthcare, and elderly care as part of its consumption capacity support measures.

Key measures:

- Expand educational resources in population-inflow cities.

- Promote the abolition of the household registration restrictions for flexible employment workers to participate in basic old-age and medical insurance at the place of employment, and expand the trial of occupational injury protection.

-Ensure the basic livelihood of key groups and strengthen assistance for low-income people.

Lu Ming, distinguished professor at Shanghai Jiao Tong University's Antai College of Economics and Management:

Populous cities face enormous demands for public services. Equalizing education and healthcare access for migrants will enhance the public well-being, ensure sustainable investment, and drive growth.

Establishing a unified national pension insurance system is urgent to realize barrier-free transfer and continuity of pension insurance relationship is an urgent need to protect the rights and interests of the migrating population and promote the rational flow of the labor force. This will not only help eliminate the worries of the migrating population's cross-regional employment but also improve the operational efficiency of the pension insurance system and promote the modernization of the social security system.