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 Return to main story

Updated June 15, 1997 by bwwebmaster
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