Rent controls still exist in mainland China and Western countries, and will continue for the foreseeable future. In China, rent controls have resulted in severe housing shortages, poor management and maintenance of the housing stock, and an increasingly heavy financial burden on the state. China has been reforming government rental housing for the last two decades, increasing rents and phasing out government subsidies, promoting home ownership and house commercialization. Western countries have been adjusting their rent-control and housing-subsidy policies over the last three decades.
Anthony Yanxiang Gu. "Rent Control And Its Reform In China." New York Economic Review. vol. 34, Fall 2003, p. 63-74
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