Encouraging both housing purchase and renting is on the way

China Economic Weekly - - Contents -

In Xi Jinping’s report to 19th CPC National Congress, it is emphasized that “We must not forget that housing is for living in, not for speculation. With this in mind, we will move faster to put in place a housing system that ensures supply through multiple sources, provides housing support through multiple channels, and encourages both housing purchase and renting. This will make us better placed to meet the housing needs of all of our people.” In fact, since nine ministries issued the notice on setting up a governmentbacked home rental service platform in large and medium cities with net population inflows at the end of July this year, the home rental market has been becoming increasingly hot.

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