The Central Committee of the Communist Party of China is advancing housing reform: a dual system of renting and purchasing alongside a new model for the real estate market.

The Central Committee of the Communist Party is advancing housing reforms, emphasizing a combination of renting and purchasing. The goal is to increase affordable housing to meet the needs of the working class and support housing improvements. Policy adjustments include relaxing housing purchase restrictions, reforming financing and pre-sale systems, and improving real estate taxation. City governments are granted autonomy in regulation, allowing for tailored policies based on local conditions.

Analysis: This initiative aims to balance the real estate market by diversifying housing supply and implementing flexible policies to adapt to the needs of different cities, thereby promoting healthy market development.