Successful urbanization not just homebuying

AN INCREASING NUMBER OF RURAL RESIDENTS in Central and West China have chosen to settle in nearby counties as a result of the preferential property purchasing policies. China Youth Daily commented on Thursday:

The trend of rural residents buying homes in small cities is supposed to be a win-win outcome. Against the backdrop of the nationwide urbanization, many less developed cities aspiring to jump on the bandwagon have built plenty of cheap housing to attract investors and homebuyers, but these have turned out to be few.

As they struggle to reduce the property glut, the local governments provide favorable policies for purchasing the newly built houses, which are particularly popular among local rural dwellers eyeing urban resources such as better schools and hospitals.