And Chengdu is not the only city supporting renters. As of the end of this month, over 100 thousand units have been allocated for rental homes in 10 cities.

They include Beijing, Foshan, Shanghai, Guangzhou, Shenzhen, Hangzhou, Zhuhai, and Tianjin. Over 50 cities in 12 provinces in China have carried out related policies to increase the supply of rental housing and guarantee the renters' right. Many renters feel adrift. The new policy is committed to building up a sense of belonging, giving tenants a sense of stability. With the new policy, they can sign long-term rental agreements with the renting companies, at a fixed rate during the contract period. In China, about 20 percent of urban residents rent permanently. It's twice that in first-tier cities. Migrant workers make up the main force of renters. To date, there are over 245 million migrant workers in China and 80 percent of them rent their housing. And over seven million university graduates rent homes each year.