A few months after her wedding this year, Lilian Li moved from the south-western Chinese city of Chongqing to an apartment near Beijing’s financial district.
But while Chinese newly-weds typically see property ownership as an essential next step after marriage, Li and her husband are instead renting a two-bedroom apartment in the capital for Rmb13,000 ($1,821) per month.
To buy an identical apartment, Li and her family would need more than Rmb5mn just for the down payment — the equivalent of more than 30 years’ rent.
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