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Article: Commodification of housing with Chinese characteristics

TitleCommodification of housing with Chinese characteristics
Authors
Issue Date2001
Citation
Policy Studies Review, 2001, v. 18 n. 1, p. 75-95 How to Cite?
AbstractIn its attempt to reform the housing system, China has rapidly marketized but not privatized the housing production process and system. In contrast, the consumption of housing is privatized quickly but marketized slowly. Yet, the housing allocation process still largely relies on the old system of heavy subsidization. Nonetheless, housing subsidy has been curtailed and the growth in home ownership and the future pegging of rent and price with household income would dwarf the housing provider role of the government. The commodification process necessitated new government roles since government support in infrastructure and superstructure is essential for the healthy functioning of the newly emerged housing market. Overall, retention of the public ownership of the development companies and the housing financiers differentiate the Chinese housing reform process from those of other market and post-socialist economies.
Persistent Identifierhttp://hdl.handle.net/10722/89918
ISSN
References

 

DC FieldValueLanguage
dc.contributor.authorChiu, RLHen_HK
dc.date.accessioned2010-09-06T10:03:24Z-
dc.date.available2010-09-06T10:03:24Z-
dc.date.issued2001en_HK
dc.identifier.citationPolicy Studies Review, 2001, v. 18 n. 1, p. 75-95en_HK
dc.identifier.issn0278-4416en_HK
dc.identifier.urihttp://hdl.handle.net/10722/89918-
dc.description.abstractIn its attempt to reform the housing system, China has rapidly marketized but not privatized the housing production process and system. In contrast, the consumption of housing is privatized quickly but marketized slowly. Yet, the housing allocation process still largely relies on the old system of heavy subsidization. Nonetheless, housing subsidy has been curtailed and the growth in home ownership and the future pegging of rent and price with household income would dwarf the housing provider role of the government. The commodification process necessitated new government roles since government support in infrastructure and superstructure is essential for the healthy functioning of the newly emerged housing market. Overall, retention of the public ownership of the development companies and the housing financiers differentiate the Chinese housing reform process from those of other market and post-socialist economies.en_HK
dc.languageengen_HK
dc.relation.ispartofPolicy Studies Reviewen_HK
dc.titleCommodification of housing with Chinese characteristicsen_HK
dc.typeArticleen_HK
dc.identifier.emailChiu, RLH: rlhchiu@hku.hken_HK
dc.identifier.authorityChiu, RLH=rp00997en_HK
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.scopuseid_2-s2.0-0040736645en_HK
dc.identifier.hkuros62096en_HK
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-0040736645&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume18en_HK
dc.identifier.issue1en_HK
dc.identifier.spage75en_HK
dc.identifier.epage95en_HK
dc.identifier.scopusauthoridChiu, RLH=7103037995en_HK

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