Lesson seen in shaping housing programs

Overseas Property | 25 Feb 2021

Many young couples in China have avoided having children due to high property prices in its big cities.

This was seen in the number of births falling 14.9 percent year on year to 100.3 million in 2010, which raised new concerns about population patterns.

Among other things, it could have a negative impact on economic development and society overall, as mainland media pointed out in calling for an increase in housing supply to meet the needs of young married people, which could reverse the birthrate trend.

Among media organizations making such calls was China Business Network.

It remarked in a commentary that the fertility rate in big cities appeared to be astonishingly low - even less than in highly developed European and American cities. It suggested China should abandon the traditional "population burden theory," abolish related policies that offset fertility in family planning and return all responsibilities to the family.

Although the authorities have liberalized fully the second child push in the past few years, the results have been minimal.

So the urgent mission for all local governments is seen as a need to tackle and reverse the low birth rate.

From the perspective of housing, it is necessary to build a multilevel housing supply system.

The focus, according to the China Business Network, must be on increasing the supply of residential land and construction of rental housing to help young couples in big cities.

Further, it said, authorities should shape policies to support private funds to invest in nursery schools to offset the current shortage in that section of education and to overhaul the system of allocating resources to improve the level of basic education.

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