On June 29, 1998, the State Council decided that the party's government agencies had stopped implementing the physical distribution of welfare houses for more than 40 years, and implemented the monetization of the housing distribution for more than 40 million square meters for more than a decade since the end of the ten-year reform of the housing system, with China's housing welfare system announced the end of the ten-year reform of the housing construction market and housing consumption monetization phase. In June 1998, the State Council decided that the party's government agencies had stopped implementing the physical distribution of welfare houses for more than 40 years, and the country's cumulative commodity distribution area was monetized by 30.5% more than in the same period in 1990. On July 1, 1998, the largest extended declaration of welfare housing houses in China ended