Summary of What’s Causing the Sharp Rise in China’s Rent?

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What’s Causing the Sharp Rise in China’s Rent? summary
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Wellestudio163 writer Zhang Fan investigates what forces made residential housing rental prices shoot up in Chinese cities between 2017 and 2018 and concludes that government policy rather than market forces are to blame. getAbstract recommends this article to anyone who follows real estate developments, people interested in social issues, and anyone trying to buy or rent in China.

In this summary, you will learn

  • How local governments control China’s complex real estate market,
  • How the
    hukou system effects migrant workers in major cities and
  • What dilemma city residents face as housing rental prices continue to climb.
 

About the Author

Zhang Fan is a reporter for NetEase’s Wechat wemedia account Wellestudio163, which focuses on social issues, current events and trends.

 

Summary

Between 2017 and 2018, residential housing rental prices in 17 Chinese cities jumped an average of 8%–15%. Population didn’t significantly grow during that period; in fact, Beijing’s and Shanghai’s populations have actually decreased slightly. Instead, skyrocketing prices are the result of the Chinese government’s housing and real estate policies.


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