Housing for the poor

Now that there is a consensus on increasing spending to launch new projects and stimulate the sluggish economy, the next question is where the money needs to go and how it can be used efficiently.

Premier Wen Jiabao emphasized at the State Council meeting on Monday that the real estate market should be the top priority. Yet, it will by no means be just action to lift many real estate developers out of their financial difficulties.

Premier Wen made it clear in his speech that the investment in the real estate market in the coming three years will primarily help improve living conditions of low-income residents.