Cross-city Ownership in China
The rising costs in housing in major places in China like Beijing and Shanghai is creating a new trend in home ownership. Beijing is not the only major city in the country to experience such developments that is brought about by housing prices and the influx of investors both from Hong Kong and other foreign countries. The phenomenon of cross-city ownership is becoming widespread with more Chinese opting to follow the tide. It is seen as unavoidable in terms of the continuously growing population of cities like Shanghai and Beijing with some of the retired and senior citizens opting to migrate to other portions of the country despite of the unsure services and type of neighborhoods they will move in to. The access of these older folks to medical insurance from Beijing is also a question that needs to be answered.