13th Five-Year Plan Reorientates China’s Housing Policy

The 13th Guideline has created a friendly policy atmosphere for a moderately prosperous and stable housing development to attain a 6.5% gross domestic product growth rate and ensure a harmonious society. However, the overall impact remains unclear as details have yet to be rolled out. As the role of housing development in overall development changes, the contribution of housing development to future economic growth is expected to be lower.