10 keywords for China's economy in 2017

3 Real estate market

China has carried out a series of measures to boost home rental market, and is building a long-term mechanism to maintain stability in the property market.

In July, Chinese city Guangzhou announced move to provide tenants equal rights to educational resources as homeowners.

In the same month, China's Ministry of Housing and Urban-Rural Development and other eight government departments issued a notice that said measures will be taken in cities with net population inflows, including increasing rental housing supplies and setting up a government-backed home rental service platform.

In September, Beijing authorities announced a new rental policy to speed up development of home rental market.

General Secretary of the Communist Party of China Central Committee Xi Jinping reiterated in his report to the 19th CPC National Congress that "houses are for living in", which has set the tone for China's housing development, and a variety of housing reforms and measures are expected to be rolled out over the next five years.

In his report, Xi once again said that housing is not for speculation and the country will accelerate the building of a rental market in the country.

China will move faster to put in place a housing system that ensures supply through multiple sources, provides housing support through multiple channels, and encourages both housing purchases and renting in 2018, according to a statement released after the annual Central Economic Work Conference.