Abstract
Having adequate and sufficient housing is considered as a basic human right. In China, the welfare housing policy reform in the late 1970s and the urban housing market reform since 1998 contributed to a booming residential housing market (Figure 15.1). Although this booming market has increased the amount and variety of housing supply it has not met the expectations with regard to citizens’ right to housing. A previous study showed that in 2008 the average price/income ratio (selling price/annual income) across the country arrived at 8:1, higher than the standard ratio of 6:1; the ratio in metropolitan areas such as Beijing and Shanghai was over 10:1 (Xu 2010). In major cities, housing market has become unaffordable for the majority of mid- to low-income residents (Ni 2009).
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© 2014 Yuqi Wang
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Wang, Y. (2014). The Grassroots Co-operative Housing in Urban China: The Case of LINECITY. In: Gijselinckx, C., Zhao, L., Novkovic, S. (eds) Co-operative Innovations in China and the West. Palgrave Macmillan, London. https://doi.org/10.1057/9781137277282_16
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DOI: https://doi.org/10.1057/9781137277282_16
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