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Reverse migration is picking up in China as workers give up on big cities CNBC 16 hrs ago Evelyn Cheng
Millions of Chinese people did not go back to urban areas for work after the coronavirus pandemic last year, official data show.
Reverse migration will pick up pace in coming years, partly because [the workers] cannot afford city housing and do not have access to city healthcare, said Dan Wang, Shanghai-based chief economist at Hang Seng China.
It s less clear what the latest return of migrant workers to their hometowns means for overall economic growth. © Provided by CNBC Chinese migrant workers rest at a gas station after riding motorcycles on January 25, 2019 in Zhaoqing, Guangdong Province, China.
Millions of Chinese people did not go back to urban areas for work after the coronavirus pandemic last year, official data show. As of the end of March, the statistics bureau said there were still 2.46 million fewer migrant workers than the same period in 2019. Rural-urban migration already slowed before covid and had its first decline in 2020, said Dan Wang, Shanghai-based chief economist at Hang Seng China. Reverse migration will pick up pace in coming years, partly because [the workers] cannot afford city housing and do not have access to city healthcare, Wang said. A major factor she pointed to is aging the share of migrant workers over 50 has more than doubled over the last 12 years to 26%.