Can you explain the Chinese terms for public rental and affordable housing

The Chinese term for public rental housing is 公租房, which literally means “public rental housing.” It refers to housing provided by the government for rent to eligible low- and moderate-income residents to improve their living conditions. Public rental housing in China is part of a housing security system aimed at addressing housing affordability and social inclusion issues.

The term for affordable housing in Chinese is commonly 经济适用房, which translates to “economically affordable housing.” This type of housing is designed to be sold or rented at prices below market rates, targeting low- to middle-income families who cannot afford market-rate housing without subsidy.

In summary:

• Public rental housing: 公租房
• Affordable housing: 经济适用房

Both types are crucial components of China’s efforts to ensure housing accessibility and social welfare for its citizens, with public rental housing focusing on rental solutions and affordable housing often including both sale and rental options at subsidized prices. ^{3, 7, 18}

References

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• Public Pensions and Public Rental Housing

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