China Promises Millions of Low-cost Homes

By: Associated Press
By: Associated Press

BEIJING (AP) - China's government says it will spend nearly $200
billion this year building 10 million low-cost homes.

Wednesday's announcement is part of promises by communist authorities to spread prosperity to China's poor majority and ease
the burden of surging housing costs.

A deputy housing minister, Qi Ji, said Beijing will also regulate rental prices.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

You must be logged in to post comments.

Password (case sensitive):
Remember Me:
WTVY-TV 285 N Foster Street Dothan, AL 36303 334-792-3195
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 117628368 -
Gray Television, Inc.