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.

Username:
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 - wtvy.com/a?a=117628368
Gray Television, Inc.