China's housing rental industry key to future of real estate market: central bank

BEIJING, Aug. 10 (Xinhua) -- The housing rental industry in China, which is expected to see robust demand and stable supply, is a "crucial direction" for the new development model of the country's real estate market in the future, the People's Bank of China (PBOC) said on Saturday.

Given the profound changes in the supply and demand dynamics of the real estate market, the scale of existing housing in China is al