China builds more affordable housing
Updated: 2014-01-10 09:20
(Xinhua)
|
|||||||||||
BEIJING - China's government has stepped up efforts to make housing accessible to low-income earners as property prices have sky-rocketed, new data from the country's housing authorities revealed on Thursday.
The country started the construction of 24.9 million affordable housing units from 2011 to 2013, accounting for nearly 70 percent of the construction target of 36 million affordable units during the 2011-2015 period, according to the Ministry of Housing and Urban-Rural Development.
From 2011 to 2013, China finished constructing 15.77 million affordable units, which included the renovation of run-down neighborhoods for 6.68 million households.
The affordable housing program, first approved in 1999, is designed to provide less costly houses to wage-earning workers and low-rent homes to poverty-stricken residents.
The program was especially intended to allow low-income families to own a house as the country's real estate sector overheated in recent years.
Related Stories
China plans to build more affordable housing 2013-12-24 19:12
China passes annual targets for affordable housing 2013-12-16 16:45
Reforms to improve access to affordable housing 2013-12-10 00:47
Govt pledges more affordable housing 2013-10-31 08:44
China to build 5.6m affordable homes 2013-09-11 20:37
Today's Top News
Apology urged for insulting Chinese
China to enhance role in Mideast
Higher targets for emission reduction
Analysts weigh in on reform effacts
New ambassador to the EU takes up reins
Top court seeks judicial transparency
China has most outbound tourists
Turkey removes police chiefs amid graft probe
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
US police all a-twitter about Weibo |
Movie mogul Run Run Shaw, 107, dies in HK |
Growing food in space could assist in human colonization |
Holiday blues |
Keeping their motors running |
In memory of unnamed war heroes |