40 years of opening up and reform: How property became a driving force in the economy | South China Morning Post

The idea of private home ownership is still a relatively new concept in China. Housing distribution used to be controlled by the state and linked to employment, but as China’s economy slowed in the mid-1990s, the government turned to Meng Xiaosu, the CEO of China’s first and biggest real estate company, to suggest s…

Opens the original publisher in a new tab. Full articles belong to their publishers; a subscription may be required.