Affordable housing as a solution?

2 Mar

There was a very major tragedy that occurred in Yunnan’s Kunming last night, where 29 were killed and over 120 wounded by attackers using knives in a train station. This seems like a case of a planned terror attack on civilians, and it might lead to worrying developments. The case is linked to problems in Xinjiang, where ethnic tensions have led to attacks on police stations and other incidents.

For now, here’s another kind of problem common in China too- overheating housing prices and the worries about a property bubble and growing inequlity. Building more affordable housing is one of the central government’s main steps in dealing with rising prices, but as the reporter shows in Nanjing by visiting a new affordable housing project far from the city center, it’s not necessarily the most effective remedy, and might even exacerbate inequality.

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