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04/26/2011

China's Housing Reform and Outcomes

For immediate release
Contact: Anthony Flint 617-503-2116

           CAMBRIDGE, Mass. (April 26, 2011) -- Since the housing reform in 1998 that abandoned China’s old system of linking housing to employment, the housing market has seen rapid development and is now a significant source of economic activity and a growing tax base for the Chinese government. But despite improvements in housing conditions for urban residents, the increase in housing prices now raises the unfamiliar challenge of housing affordability in China.
           China’s Housing Reform and Outcomes, edited by Joyce Yanyun Man, director of the Lincoln Institute’s China program and the Lincoln Institute-Peking University Center for Urban Development and Land Policy, lays out the causes and consequences of China’s remarkable housing boom.
             While many analysts are familiar with the remarkable growth of China’s economy, its market-oriented reforms, and the large investments from both domestic and foreign sources over the past 30 years, developments in the housing market are less well known. China now represents the world’s largest construction market in terms of built space, adding more than 2 billion square meters of floor area annually—nearly half the global total. About half of China’s annual constructed space is residential, divided about evenly between urban and rural housing.
            Some of the growth in housing construction results from population growth. China’s population has increased by about one-third in 30 years, from 1.0 billion in 1982 to an estimated 1.33 billion today. However, the more significant factor has been the dramatic increase in housing standards, especially in terms of residential space per capita, which now exceeds the averages in Japan and Europe.
          The residential construction boom has prompted other challenges. First is the high rate of migration and the projection that 15 million migrants annually will move from rural areas to the cities. Second is the aging of the population, which will lead to both more demand for specialized housing and a likely decrease in household size.
           China’s Housing Reform and Outcomes reflects the proceedings of a conference at the Lincoln Institute in May 2009. Scholars who specialize in China’s housing market offer valuable information for government officials, academic researchers, university faculty and students, and others concerned with housing policies and practices in China. This volume will be translated into Chinese and published in association with the Lincoln Institute-Peking University Center for Urban Development and Land Policy in Beijing.

Contents

Foreword, Gregory K. Ingram

Housing Policy Reform in China
1. Housing Policy and Housing Markets: Trends, Patterns, and Affordability, Joyce Yanyun Man, Siqi Zheng, and Rongrong Ren
2.  Recent Housing Reform Practice in Chinese Cities: Social and Spatial Implications, Ya Ping Wang

Land Use, Fiscal Policy, and Housing Markets
3.  Residential Housing in Urban China: Demand and Supply, Gregory C. Chow and Linlin Niu
4. Housing Demand of Migrants in Chinese Cities, Yuming Fu, Siqi  Zheng, and Rongrong Ren
5. The Winners in China’s Urban Housing Reform, John R. Logan, Yiping Fang, and Zhanxin Zhang
6. Patterns of Second-Home Ownership in Chinese Cities, Youqin Huang and Chendong Yi
7.  Effects of Local Taxation and Public Spending on Housing Values: Empirical Evidence, Joyce Yanyun Man and Siqi Zheng

Low-Income Housing Policy and Challenges
8.  Housing Finance in China, Yongheng Deng and Peng Fei
9.  Urban Expansion, Land Conversion, and Affordable Housing: The Case of Zhengzhou, Shlomo Angel, Midori Valdivia, and Rebecca M. Lutzy
10.  Assimilation of Villages Within Cities, Yan Song

Comparative Studies of Housing Policy and Implications for China
11.  Public Housing in China and the United States: A Policy Primer, Lanlan Xu and David A. Reingold
12.  A Comparative Study of Social Housing in Britain and China, Juan Jing
13.  A Systemic View of Housing Policy for China’s New Urban Era, Bertrand Renaud

About the Editor

Joyce Yanyun Man is senior fellow and director of the Program on the People’s Republic of China at the Lincoln Institute; director of the Peking University–Lincoln Institute Center for Urban Development and Land Policy in Beijing; and professor of economics in the College of Urban and Environmental Sciences at Peking University.

China’s Housing Reform and Outcomes
Edited by Joyce Yanyun Man
2011 / 276 pages / Paper / $30.00
ISBN: 978-1-55844-211-5

            Media contact Anthony Flint at anthony.flint@lincolninst.edu.
            The Lincoln Institute of Land Policy is a leading resource for key issues concerning the use, regulation, and taxation of land. Providing high-quality education and research, the Institute strives to improve public dialogue and decisions about land policy. 

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