Experts weigh in on Central Economic Work Conference

According to the Central Economic Work Conference, China will work to solve prominent housing problems in big cities as one of its key economic tasks for 2021.

More attention will be given to the construction of government-subsidized rental housing, with policy improvements to ensure equal rights of tenants and house buyers for public services.

At present, there are several problems in China's rental housing market, such as unmatched supply and demand in types of housing and difficulties in renting a house for a long time, Lou said. If rent adjustments are listed in tenancy agreements, and some elastic clauses are added to satisfy both sides, it will benefit the long-term development of the rental market.