China aims to ease property crunch via new affordable housing push

Beijing expects local governments to shoulder hard part of financing, expert says

20231225 China low-cost housing

China's average per capita residential area is approaching that of developed economies but housing consumption varies widely because of the country's wealth gap.

YU HAIRONG, DING FENG and HAN WEI, Caixin

Policymakers in China are making renewed pledges to promote the construction of affordable housing in the latest attempt to reverse more than three years of decline in the country's property market.

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