From the chinese press
China Daily | Updated: 2011-02-21 07:35
Rising rents cause worry
Renting houses has become flourishing business because of rising rents. This will increase the number of people who form groups to rent houses, says an article in Beijing News. Excerpts:
The Provision on Commercial House Tenancy Administration took effect from Feb 1. But whether or not this provision will be implemented effectively largely depends on house rents. If the government wants to eliminate unlawful group rentals, it has to control the rising rents as well as provide more low-income housing units for the low- and medium-income groups.
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