China Tells

China’s government has launched a few measures to cool down the domestic property mania. One of the measures is to build more social housing (Click HERE for a Reuters Story). The social housing is built to be rented to the low income families who are unable to afford to buy their own home. Accoridng to the release from NDRC, in 2010 the government will increase the building of social housing to about 5 million units, which accounts to about 30% of the total new house starting. Such is a big jump from 2009. In the foreseeable future (2011 and 2012), the government will continue to build about 5 million new units every year.

中国人的买房压力似乎是压在每一个人身上的重担。今年以来，政府连续出台一系列政策，提出要建造更多的保障性住房的目标。根据政府列出的目标，2010年政府将力争建成至少5百万户保障性住房，专门用来租给低收入家庭。2011和12年政府也将继续建造更多的保障性住房。这也是对楼市降温的措施之一。