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I need some assistance with these assignment. the chinese housing market Thank you in advance for the help!
I need some assistance with these assignment. the chinese housing market Thank you in advance for the help! These housing units also took up a great deal of space in urban China, taking away the possibilities of larger places being built. Basically Chinese cities followed the same housing pattern throughout, with little to no choice about the style of housing that an individual desired. In most cases, housing was given to employees by their employers for work that was done, which means that the employees had to live in a building that was owned by the employer. The transitional economy that is present in China today, however, has made it possible for individuals to have choices on where to live, which “combined with the changes in rationing and retail practices, this manifested itself in the partial restoration of consumer choice, which is the essence of a market economy” (Chen et al. 107).
As China’s economy evolved, however, housing reforms were brought in to add choice to the housing market. This means that a house was to become not only a place of residence but a commodity. What this has led to in China is a transitional housing market, where much of the property is no longer completely subsidized by employers but is moving towards a free market. Therefore, the market, in general, is moving towards a wage-based relationship between employers and employees, rather than the employees simply working for sustenance. The employees have since given up their right for cheap housing, although the employees still have a responsibility to provide it for them. Basically, employees are making more money, but are now having to pay more for their housing. The difference is that they now have a choice about where to live, whereas they did not have this mobility before. This mobility includes the “relaxation of a wide variety of restraints on mobility (from controls on work unit recruitment methods to the end of the system of grain rationing)” (Logan 4).
