2026-09-18T20:11:13Zhttps://dspace.mit.edu/server/oai/requestoai:dspace.mit.edu:1721.1/694632022-01-13T07:54:44Zcom_1721.1_7582com_1721.1_7581col_1721.1_131023
Tunney Lee.
Gao, Lu, S.M. Massachusetts Institute of Technology
Massachusetts Institute of Technology. Dept. of Urban Studies and Planning.
Massachusetts Institute of Technology. Department of Urban Studies and Planning
a-cc---
2012-02-29T17:57:13Z
2012-02-29T17:57:13Z
2011
2011
http://hdl.handle.net/1721.1/69463
775012384
Thesis (S.M.)--Massachusetts Institute of Technology, Dept. of Urban Studies and Planning, 2011.
Cataloged from PDF version of thesis.
Includes bibliographical references (p. 60-64).
In the last three decades, the People's Republic of China (PRC) has managed to replace its welfare-based urban housing system with a market-based housing provision scheme. With such significant housing policy changes, the PRC has successfully expanded urban home ownership and impressively increased per capita housing consumption. The housing market has become one of the major pillar industries in the country's economic boom. However, affordable housing development has been greatly lagging behind the ever-increasing housing needs of a large lower-income population in the country, while housing price bubbles cast a shadow on sustainable economic development in the PRC. The main reasons for such challenges include the inefficiency of financial tools to regulate the housing market; and the discrete interests among the central government, local governments, and real estate developers. Within the context of the ongoing global economic recession after the financial crisis in 2008, it is even more critical to balance the PRC's housing development, both to address the people's housing needs, and to maintain sustainable growth.
by Lu Gao.
S.M.
64 p.
eng
Massachusetts Institute of Technology
M.I.T. theses are protected by
copyright. They may be viewed from this source for any purpose, but
reproduction or distribution in any format is prohibited without written
permission. See provided URL for inquiries about permission.
http://dspace.mit.edu/handle/1721.1/7582
Urban Studies and Planning.
Housing policy in China
Thesis
application/pdf
Publication
unknown
unknown
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<Abstract>In the last three decades, the People's Republic of China (PRC) has managed to replace its welfare-based urban housing system with a market-based housing provision scheme. With such significant housing policy changes, the PRC has successfully expanded urban home ownership and impressively increased per capita housing consumption. The housing market has become one of the major pillar industries in the country's economic boom. However, affordable housing development has been greatly lagging behind the ever-increasing housing needs of a large lower-income population in the country, while housing price bubbles cast a shadow on sustainable economic development in the PRC. The main reasons for such challenges include the inefficiency of financial tools to regulate the housing market; and the discrete interests among the central government, local governments, and real estate developers. Within the context of the ongoing global economic recession after the financial crisis in 2008, it is even more critical to balance the PRC's housing development, both to address the people's housing needs, and to maintain sustainable growth.</Abstract>
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