From Chinese Media
1.3t yuan for subsidized housing
Updated: 2011-03-09 16:58
By Gao Yuan (chinadaily.com.cn)
China will invest about 1.3 trillion yuan ($197.9 billion) this year on building or renovating 10 million affordable apartments, people.com.cn reported Wednesday, citing Qi Ji, vice-minister of Housing and Urban-Rural Development.
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According to the plan, it will cost about 500 billion yuan to improve living conditions for four million households, Qi said.
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