Migrant workers seen as solution to housing glut

China is setting its sights on its 274 million migrant workers as a savior for the economy, as they have the potential to reduce the vast stockpile of unsold homes.

Reforms to make that happen could have far-reaching impact, analysts said.

The Communist Party of China Central Committee, the Party's top decision-making body, identified major tasks on Monday for the government's economic work in 2016. Among them, transforming migrant workers into "new urbanities" with full-fledged rights is highlighted.