中國的不動產市場（DOC 12）

Reasons for Growth

Reform of China’s real estate sector did not take place until the late 1990s.Prior to that time, most of China’s urban population relied on the State for housing.Ownership of real property rested in the State, and property development was the responsibility of the State.However, starting in the early 1990s, China’s housing system began to transit to a market driven system.

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