Zhang Yansheng: commercialization and security are the next focus points of real estate

Zhang Yansheng, former secretary-general of the Academic Committee of the National Development and Reform Commission, told ChinaPerspectives that if we want to establish a new model for real estate, we need to correct the relationship between power and expenditure responsibility between central and local governments. Meanwhile, we should improve the commodity function and security function of real estate. He thinks that commercialization and security are the next focus points.