摘要
RENTING WITHOUT TEARS Oriental Outlook June 2 More than 100 million Chinese live in rented apartments, with half of them sharing their tenancy with others due to lack of small and medium-sized homes, according to the Ministry of Housing and Urban-Rural Development. It＇s not easy to rent a home in big cities where demand exceeds supply. Though the Chinese Government has made efforts to regulate the home-renting sector, many bottlenecks remain. To make renting easier, the Central Government has rolled out a new package of policies to support the sector. Residential property owners are being encouraged to refurbish their apartments for renting. Those with low incomes and no access to public housing will get rent subsidies. Also, the property rental industry will be further regulated to protect tenants＇ rights better. Many believe the new policies will benefit tenants as welt as the rental market because more enterprises and individuals are being encouraged to let out their properties. This will pump up availability, which will help narrow the gap between demand and supply.
RENTING WITHOUT TEARS Oriental Outlook June 2 More than 100 million Chinese live in rented apartments, with half of them sharing their tenancy with others due to lack of small and medium-sized homes, according to the Ministry of Housing and Urban-Rural Development. It＇s not easy to rent a home in big cities where demand exceeds supply. Though the Chinese Government has made efforts to regulate the home-renting sector, many bottlenecks remain. To make renting easier, the Central Government has rolled out a new package of policies to support the sector. Residential property owners are being encouraged to refurbish their apartments for renting. Those with low incomes and no access to public housing will get rent subsidies. Also, the property rental industry will be further regulated to protect tenants＇ rights better. Many believe the new policies will benefit tenants as welt as the rental market because more enterprises and individuals are being encouraged to let out their properties. This will pump up availability, which will help narrow the gap between demand and supply.
