Business
        

Top News

Chinese VP urges affordable housing building in coming yrs

Updated: 2010-12-08 09:34

(Xinhua)

Twitter Facebook Myspace Yahoo! Linkedin Mixx

NINGBO, Zhejiang - Chinese Vice-Premier Li Keqiang called for building affordable housing on a massive scale in the next few years.

Li made the remarks during a two-day inspection tour to Ningbo in East China's Zhejiang province, which ended Tuesday.

Li said the country's affordable-housing policy would continue in the upcoming years so as to substantially raise the percentage of affordable housing in the real estate market.

Li urged local governments to support such projects with additional funding and land distribution.

Li also called on authorities to ensure transparency and fairness in the distribution process, to benefit those in real need.

Related readings:
Chinese VP urges affordable housing building in coming yrs Affordable housing
Chinese VP urges affordable housing building in coming yrs Hidden risks in booming overseas housing market
Chinese VP urges affordable housing building in coming yrs China limits housing purchases by foreign individuals, institutions
Chinese VP urges affordable housing building in coming yrs Country tightens rules for housing fund loans

The Chinese government introduced various policies to cool down the real estate market this year.

Li stressed the need to discourage house purchases that are for the purpose of investment and speculation, and to increase the supply of affordable housing.

E-paper

Ear We Go

China and the world set to embrace the merciful, peaceful year of rabbit

Preview of the coming issue
Carrefour finds the going tough in China
Maid to Order

European Edition

Specials

Mysteries written in blood

Historical records and Caucasian features of locals suggest link with Roman Empire.

Winning Charm

Coastal Yantai banks on little things that matter to grow

New rules to hit property market

The State Council launched a new round of measures to rein in property prices.

Top 10 of 2010
China Daily in Europe
The Confucius connection