china to spend more on public housing
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

China to spend more on public housing

Arab Today, arab today

Arab Today, arab today China to spend more on public housing

Beijing - XINHUA

China will spend 119.3 billion yuan (19 billion U.S. dollars) on slum renovation and affordable housing this year, up 17.8 percent on 2013, said the Ministry of Finance on Friday. The least developed central and western regions will be given priority. Public housing programs have been high on the government agenda in recent years as home prices in major cities have pushed many out of the market. The ministry also set aside 4.63 billion yuan to support 4.8 million students from poor families to go to senior high school this year.

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