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China Daily | Updated: 2012-08-23 08:09

Expedite income reform

Housing prices and rents are rising sharply, especially in first-tier cities such as Beijing. The rent for a two-bedroom apartment in Beijing is more than 4,000 yuan, which is almost an entire month's pay of an ordinary wage earner.

Reports show that Beijing's migrant population declined by 600,000 in 2011 compared with 2010. This is the first time such a thing has happened.

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