Low-income housing fund to swell

The central government will spend more than 40 billion yuan ($7 billion) this year to improve 2.6 million low-income urban families' living conditions.

More than 33 billion yuan will go to low-rent housing projects, vice-minister of housing and urban-rural development Qi Ji said yesterday on the sidelines of the ongoing National People's Congress session.

"It is a remarkable increase," Qi said.