取消福利分房 meaning in English

abolish the welfare-oriented distribution of public housing

China ' s house market has experienced great changes since its cancellation of the welfare housing policy in 1998 , with an overall increase in urban house investment , house sales , as well as house price of which , in some cities , the accelerating speed amounts to 20 per cent annually . the changes have received enough attention from the government , enterprises , professionals and specialists , and mass media
自1998年我国取消福利分房以来，城市住宅投资规模迅速扩大，住宅销售面积逐年增加，与此同时城市住宅价格也迅速增长，有的城市甚至以每年20的速度上涨，引起了政府、企业、专家学者和媒体舆论的高度重视。