Table 3.

Average discounts and estimated total subsidy for public housing

	Public purchase housing		Public rental housing
	Mean discount	Estimated total subsidy (millions)	Mean discount	Estimated annual subsidy (millions)
Beijing	0.52	$5289	0.24	$400
Chongqing	0.48	$813	0.35	$43
Guangzhou	0.35	$4366	0.37	$79
Harbin	0.40	$1500	0.32	$55
Nanjing	0.29	$2303	0.23	$78
Shanghai	0.25	$9279	0.30	$305
Tianjin	0.31	$2030	0.21	$196
Xi’an	0.52	$849	0.31	$23
Total	0.38	$28,700	0.28	$1247

Notes: Exchange rate 1999: 1 dollar = 8.28 RMB.