Privatized housing impedes cooling efforts – John Ng

From Asia Times:

in Chinese cities, which only began in the early 1990s, has proceeded at an amazingly fast pace. After a mere 10-plus years, more than 80% of Chinese urbanites now own their dwellings.

While the Chinese media boasts that the proportion of private housing in Chinese cities is now higher than that in some advanced countries such as the US or the United Kingdom, analysts say the high degree of privatization in fact poses a challenge to Beijing’s policy of bringing down housing prices. And it also explains why the secondary housing market in China has remained inactive. [Full text]

Tweets

SUPPORT CDT

Google Ads 1

CDT EBOOKS

Giving Assistant

Amazon Smile

Google Ads 2

Anti-censorship Tools

Life Without Walls

Click on the image to download Firefly for circumvention

Open popup
X

Welcome back!

CDT is a non-profit media site, and we need your support. Your contribution will help us provide more translations, breaking news, and other content you love.