Ni Hong, minister of the Ministry of Housing, Urban-Rural Development, said on the 17th that the siphon effect in big cities has advantages and disadvantages. China focuses on guiding the collaborative development of large cities and small towns. Real estate policies are also an institutional arrangement to prevent negative effects in the real estate sector.

Ni Hong, minister of the Ministry of Housing, Urban-Rural Development, said on the 17th that the siphon effect in big cities has advantages and disadvantages. China focuses on guiding the collaborative development of large cities and small towns. Real estate policies are also an institutional arrangement to prevent negative effects in the real estate sector.