Against the backdrop of successive real estate industry defaults and the early signs of a market bubble burst, the Chinese Communist Party (CCP) has rolled out a series of groundbreaking “housing reform” policies, sparking much debate. The policies call for a dual-track system emphasizing affordable housing, which signifies a significant departure in the Chinese real estate market. However, analysts are raising concerns that these reforms might destabilize real estate developers and trigger a precarious market collapse, simultaneously curbing the investment attributes of housing and potentially shrinking the wealth accumulated by Chinese citizens over the past two decades. The housing policy, titled “Guiding Opinions on Planning and Building Affordable Housing,” received approval during the CCP State Council’s executive meeting on Aug. 25, designated as Document No. 14. The policy was officially issued on Sept. 1. It has sparked widespread discussions since its disclosure by the Economic Observer network on Oct. 26....Read more https://www.theepochtimes.com/china/analysis-housing-reform-policy-will-reshape-chinas-real-estate-landscape-5527634