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China has always had planned housing welfare, it was the only way of building houses for decades. Liberalized housing started in the 90s along the rest, but pl
by epolanski 3y ago
China has always had planned housing welfare, it was the only way of building houses for decades.
Liberalized housing started in the 90s along the rest, but planned housing projects have kept existing and had huge budgets till the late 2010s. Even today around one in twenty development housing projects is still state funded.
Anyway, I was mostly talking about them as a society lifting more and more of the weakest. And yes, building houses has been a major contributor of this obviously as well as a stimulus for the economy.