Figure 9: over seven million government-subsidized housing units

Original text from the report:

To achieve the goal of ensuring housing for all, we will build more government-subsidized housing in accordance with the principle of giving targeted guidance, carrying out step-by-step implementation, and having governments at different levels assume their respective responsibilities.

This year, construction of over seven million government-subsidized housing units will begin, more than 4.7 million of which will be in rundown urban areas, and construction of related supporting infrastructure will be strengthened. We will increase the proportion of government-subsidized housing in large cities. We will integrate the operation of public and low-cost rental housing.

Comments: Yang Hongxu, vice director at E-House China R&D Institute

We have a clear target and a clear task for government-subsidized housing, and it will be given primary importance in real estate work. The rebuilding of rundown areas is the focus in government-subsidized housing.

In the next two or three years, second and third tier cities will be key locations for upgrading rundown areas. The proportion of government-subsidized housing in large cities will be increased mainly through the provision of rental housing, which will benefit migrant workers.