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Hu Xiaoyi, vice minister of China’s Ministry of Human Resources and Social Security disclosed on February 11 that the nation’s urbanization rate hit 1.27% in 2011, above 50%.
The vice minister continued that by the end of 2011, there were 360 million people participating in social security system and over 100 million senior residents in urban and rural areas got basic pension from the government. According to Hu, urban and rural resident basic pension system will achieve full coverage within this year, marking roughly completion of basic social security system framework focusing on pension, medical insurance and subsistence allowances.
He added that 4 provinces, over 40 cities and 100 counties had got successful experiences so far and that overall planning of urban and rural resident basic medical insurance would be enhanced this year.
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