Housing price vs. Chinese dream

Ever higher housing prises are putting huge pressure on the Chinese middle-class home owners. Most of the income will flow into monthly loan payments. The negativ effect on domestic consumption can be felt in all major cities. Keeping housing prices within certain limits, will be crucial to keep the Chinese domestic growth on track and help the people to fulfill their Chinese dream.

“Since President Xi Jinping talked about the Chinese Dream last year, government departments have been working together to help realize the goal. For the nation as whole, the Chinese Dream means maintaining social stability, ensuring economic growth and common prosperity, and building a secure future. For an ordinary family, however, the key factor in the Chinese Dream is a better life. And keeping housing prices within a reasonable limit is essential to realize the dreams of both the nation and individuals. “[By Zhang Zhouxiang (China Daily)]