Urban housing reform in China: policies and performance

Analysis of initial housing reform in China prior to 1993 pointing out reasons for lack of success and lessons to be learnt. The establishment of a market-based housing system to privatize housing is the ultimate objective of China's housing reforms. Increasing rents has been the major step adopted so far since the housing reforms started in 1984. The authors discuss the phase 2 reforms and give an authoritative insight into China's housing difficulties and highlight those areas which need more careful consideration, especially on the legal side.