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Editorial: Expanding Rental Housing Would Help Stabilize Prices, Boost China’s Economy

Authorities haven’t been able to effectively rein in surging housing prices in Beijing and several other major Chinese cities over the past few years. Now they are trying a different tack: boosting the supply of apartments for rent.

In China, more than 70% of people live in apartments they own. Government efforts to control skyrocketing property prices have often succeeded temporarily. But then prices took off again — and the demand for properties grew even stronger.

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