The Central Economic Work Conference was held in Beijing during December 18-21.The conference made overall deploy to the economic work in 2016 and clarify 5 major tasks, namely cutting industrial capacity, destocking, de-leveraging, lowering corporate costs and improving weak link.Below 10 policies will impact people's work and life:

1.   To reasonably lower house prices --- possible to cut expenses on property purchasing

2.   To revoke obsolete restrictive measures --- possibly less limitation of property purchasing

3. To expand the low-rent public housing program to cover city dwellers without household registration --- migrant workers able to live in low-rent public houses

4. To allow city dwellers without household registration such as migrant agricultural worker to change their household registration to the city where they work --- migrant agricultural worker able to settle down in the city where they were employed

5. To review how to simplify and integrate insurance and housing fund --- able to reduce the load of social insurance

6. To quickened the step of endowment insurance reform --- possible to implement national co-ordination of pension

7. To solve the difficulties and high cost to access medical service --- possible to slightly make medical service easier to access with lower expenses

8. To guarantee the steady growth of agricultural income --- possible to narrow the income gap between urban and rural residents

9. To help enterprise lower cost --- able to benefit enterprise employees

10. To quicken financial system reformation --- able to better protect the legal rights of stockholders