We are republishing this report from CGTN about the expansion of China’s social housing network and housing guarantee system. China’s progress in this area is impressive and inspiring.
China has built the world’s largest housing guarantee system and will keep cracking down on housing speculation, the country’s urban planning authorities said on Tuesday.
In 2019, the housing area per capita of urban residents reached 39.8 square meters. Meanwhile, that of rural residents reached 48.9 square meters, said Wang Menghui, Minister of Housing and Urban-Rural Development, during a press conference.
Wang said the urbanization rate of China’s long-term residents reached 63.89 percent last year, adding that the urban built-up area was 61,000 square kilometers.
Continue reading China says it has built the world’s largest housing guarantee system
