Arab Today, arab today china to outperform affordable housing target
Last Updated : GMT 21:53:08
Arab Today, arab today
Arab Today, arab today

China to outperform affordable housing target

Arab Today, arab today

Arab Today, arab today China to outperform affordable housing target

Chinese Ministry of Housing
Beijing - XINHUA

China will exceed its 2011-2015 target for construction of affordable houses thanks to the government's continued effort to improve people's living conditions, said the Ministry of Housing and Urban-Rural Development on Friday.

A total of 39.7 million affordable housing units will begin construction by the end of 2015, topping the 36 million target set for the 2011-2015 period, said Liu Xia, a senior official of the ministry.

China began construction on 32.3 million affordable housing units from 2011 to 2014, Liu added.

In May, the Ministry of Finance announced the central government allocated 124.3 billion yuan (20.2 billion U.S. dollars) in 2015 to fund the affordable housing program to improve people's livelihood and spur economic growth.

The money will be used as rent subsidies for low-income families, to fund public rental housing and renovation of shanty towns, said the ministry.

The affordable housing program, which was approved in 1999, is designed to provide cheaper housing to low-income families who cannot afford to buy a home in cities, where real estate prices skyrocketed over the past years.

In the past four years, more than 20 million affordable houses were completed across the country, with 12 million under construction. The assistance fund for building the houses has reached 710 billion yuan, according to the Ministry of Housing and Urban-rural Development.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china to outperform affordable housing target Arab Today, arab today china to outperform affordable housing target

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china to outperform affordable housing target Arab Today, arab today china to outperform affordable housing target

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: عقارات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday