Liu Qiao, dean of Peking University's Guanghua School of Management, said at the Tsinghua Wudaokou Chief Economists' Forum that in the past, real estate mainly contributed to economic growth through investment. In the future, people can live in cities in the form of housing consumption through a large number of affordable rental housing and long-term rental apartments. He analyzed that on the one hand, this means that a new model of real estate development can finally be formed; on the other hand, it also frees a large number of future new citizens from the pressure of mortgages and down payments on housing, and has more wealth, energy, and time to explore more freely. “I think this may be one of the most fundamental factors in the future development of China's economy, and it may also be the most realistic driving force. It can free an entire generation, 400 million people, from the stress of life, and give him more free space to explore their interests or career choices. I think it will bring a lot of innovative vitality. This is something we may need at the stage of high-quality development,” he said.

Liu Qiao, dean of Peking University's Guanghua School of Management, said at the Tsinghua Wudaokou Chief Economists' Forum that in the past, real estate mainly contributed to economic growth through investment. In the future, people can live in cities in the form of housing consumption through a large number of affordable rental housing and long-term rental apartments. He analyzed that on the one hand, this means that a new model of real estate development can finally be formed; on the other hand, it also frees a large number of future new citizens from the pressure of mortgages and down payments on housing, and has more wealth, energy, and time to explore more freely. “I think this may be one of the most fundamental factors in the future development of China's economy, and it may also be the most realistic driving force. It can free an entire generation, 400 million people, from the stress of life, and give him more free space to explore their interests or career choices. I think it will bring a lot of innovative vitality. This is something we may need at the stage of high-quality development,” he said.