--FILE--cinese lavoratori migranti a piedi passato nuova ad alta edifici di appartamenti di proprietà residenziale progetto nella città di Nanjing, a est della Cina di Jiangsu pr
--FILE--Chinese migrant workers walk past new high-rise apartment buildings of a residential property project in Nanjing city, east China's Jiangsu province, 15 December 2015. China plans to turn 100 million farmers into registered urban residents with the hope that this will encourage them to buy city apartments and help alleviate the country's massive housing glut, an official said on Tuesday (22 December 2015). The plan will be implemented starting next year, said Xu Shaoshi, head of the National Development and Reform Commission, the country's top economic planning agency. Xu didn't specify when the plan would be completed. China's housing market took a downturn in 2014 due to weak demand and a supply glut. The cooling has continued into 2015, with sales and prices falling, and investment slowing. Along with cutting overcapacity, tackling debt overhang, destocking has been named a major task for 2016, following the Central Economic Work Conference, a key meeting that maps out next year's economic work. Attendees of the meeting agreed that rural residents relocating to urban areas should be allowed to register as city residents, which would encourage them to buy property in cities.
