Business / Industries

China completes 2015 affordable housing target

(Xinhua) Updated: 2015-11-11 13:11


China completes 2015 affordable housing target

A property construction site in Nanjing, capital of Jiangsu province. [Dong Jinlin/For China Daily]

BEIJING - China completed the construction of 6.88 million affordable apartments in the first ten months of the year, surpassing its annual target of 4.8 million, official data showed.

In the Jan-Oct period, China started the construction of 7.47 million affordable apartments, also exceeding its target of 7.4 million for the whole year, according to the Ministry of Housing and Urban-Rural Development.

The construction has brought 1.28 trillion yuan (over $200 billion) of investment, the data showed.

China has been accelerating its affordable housing projects to improve people's living conditions and shore up the economic growth.

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