URBAN CROWDING SENDS RENTS SKY-HIGH
By Chen Meiling | China Daily | Updated: 2018-10-03 08:18
About 270 million people will lease housing by 2030, analysts say
Zhang Shuoqi, a 31-year-old website editor who rented an apartment in Beijing for two years, recently became an intercity commuter. She now gets up at 5 every morning to commute between Tianjin and Beijing by train.
In addition to a broken toilet and street noise late at night, the final straw that made her decide to move was that the rent on her 7-square-meter room would soon rise by 500 yuan ($73) to 3,350 yuan, more than 40 percent of her monthly salary.
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