“…These principles were, as shared by the former socialist economies in Eastern Europe, state ownership and distribution, centrally planned production, virtually free provision to the end-users, exclusion of market mechanisms and general tolerance of owneroccupation but nationalization of the private rented properties. Consequently, it also faced some of the housing problems encountered by these economies; notably a severe housing shortage with low space standards in aggregate terms, a legacy of extremely low rental charges, and a housing stock with poor conditions generally (Chiu, 1996a;Chiu, 1996b;Clapham, 1995;Fong, 1989;Wang & Murie, 1996;The World Bank, 1992. ) In order to resolve these problems, the Chinese government has initiated a series of housing reform programs since 1980.…”