affordable housing, the lower limit of the pre-collection rate will be 1.5 percent for provinces in the eastern region, 1 percent for provinces in the central and northeastern regions, and 0.5 percent for provinces in the western region. The 2025 China Government Work Report, released in March 2025, is a pivotal document in the country's political and economic landscape, outlining key economic and development goals for the year. The report highlights a continued focus on stabilizing the real estate market, addressing risks, and preventing further declines. It emphasizes efforts to ease restrictions, expand urban redevelopment, and optimize land use to stimulate demand and boost housing stock acquisition. Additionally, the report includes specific measures to prevent and mitigate risks in critical areas, taking effect. Since January 2025, the decline in commercial housing sales has significantly Chinese real estate market is rebounding from its lowest point. However, on the other hand, over the past year, the Chinese government has continuously introduced support and stimulus measures for the real estate market, with down payment ratios reduced to historic lows. Despite being touted as the strongest support policies in history, these measures have only slowed the rapid decline in housing sales; while another important indicator of the real estate industry's prosperity, the area of new housing starts still saw a significant decline of 20 percent in 2025.