However, if this market does not function well, as is the case in many cities, middle income families are forced to move away. Moreover, the rise of major cities also leads to increasing divergence between these cities and more peripheral regions. At the same time, spillover effects cause prices to rise in areas directly bordering major cities.
The credit structure has been remarkably improved, with support extended to over 31 million MSBs. Since the second quarter, China’s economy has been recovering month by month, and Consumer Price Index (CPI) registered a year-on-year increase of 1.7 percent in September.