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China Seeks to Cap Rising Home Rents in Latest Equality Move

  • Housing ministry aims to limit growth in rents to 5% per year
  • China is ratcheting up efforts to tame land and home prices
A residential housing development in Shanghai, China.

A residential housing development in Shanghai, China.

Photographer: Qilai Shen/Bloomberg
Updated on

China unveiled plans to keep a lid on home rents in cities and preserve older properties, its latest move to ease price pressures in the residential market and promote urban renewal. 

The housing ministry aims to control growth in urban rents to no more than 5% per year, it said in a statement on Tuesday. It’s seeking to ensure a balanced supply and demand in the rental market.