“Creating social harmony” is a buzz phrase from China’s 12th five-year plan that was approved in March. A big part of fulfilling that goal will be the government’s plans to create more social housing. What’s more interesting is that the boost to social housing is a key plank for achieving another central goal of the five-year plan; that of rebalancing China’s economy.
Read all about how China’s consumption is set for a boost from social housing - an article by Martha Wang, Portfolio Manager of the Fidelity China Fund
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