Caixin Explains: The Capital's New Housing Rules
With home prices rising rapidly again, a number of regional governments have come up with measures to cool property markets. Here is a look at new rules unveiled by the Beijing municipal government on October 23 and the possible impact they will have.
What's special about the new Beijing rules?
They aim to boost real estate purchases by people who actually intend to live in the home. The name for the set of seven new regulations can be translated as "Beijing Seven Rules" and the rules uses a new term: "self-use commercial housing." The rules are intended to make homes more affordable, and are aimed at smaller homes the lower-middle income group might buy. They also aim to discourage speculators.
- Zhang Zhixin: The Woman who took on the 'Gang of Four'
- Growing Pains
- Cathay: Ezra Pound's re-imagination of Chinese Poetry
- The Clash of Titans: A Look Back at the Sino-Indian War
- Talking Time
- Most of World's Synthetic Drugs Made in China, Police Admit
- PetroChina Selling Half of Subsidiary Running Central Asian Pipelines
- Insurance Executive Said to Die in Office Days after Probe Started
- Progress at Universities Requires Outside Help, College President Says
- To Curb Carbon Emissions, Focus on New Consumers on the Move
- Sign up to receive our free daily newsletter
- Wang Jianlin on Why the Wanda Phenomenon Works
- How a New Idea for Revamping the Economy Is Taking Shape
- The Real Drivers of China's New Culture Movement
- Chinese Gov't 'Causes an Investment Gap with U.S.'
- Banks' Total Value of Bad Loans Rises for 16th Straight Quarter
- Gov't Announces Plan to Clean Up Rural Areas by 2020
- Closer Look: Why Official Goals for Natural Gas Use Are in Doubt
- With Big TV Deal, China's Pro Soccer League Looks to Score
- Plan to Develop Two New Beijing Districts 'Flies in Face of Population Curbs'
- Closer Look: Baidu Joins Other Internet Giants to Open a Bank