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What's behind China's Housing Reform

GOVERNMENT
Beijing wants more citizens to own their houses, since private ownership gets the government out of the housing business and promotes savings

STATE ENTERPRISES
Such institutions once provided housing on the government's behalf to employees, but they no longer can afford such welfare spending

BANKS
They want to develop a housing market that can support a robust mortgage-lending business

DATA: BUSINESS WEEK


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Updated June 15, 1997 by bwwebmaster
Copyright 1997, Bloomberg L.P.
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