Among them, 4 million households receive subsistence allowances, accounting for 5.5% of the total number of urban households. At the same time, persistent price hike and slow development in small-and-medium-sized house lease market make it difficult for low-income households to purchase or rent houses in the market.
The above problems, though limited to certain localities and created by structural imbalance, have huge impact on society due to the following reasons. First, mismatch between supply and demand is acute. From the demand side, there is a continuously strong demand as a result of higher income and faster urbanization.