State adds $1.6b to low-cost home rebuilding

Vice-minister notes government's commitment for affordable housing

China has allocated new investment to support shantytown infrastructure construction, a senior Housing and Urban-Rural Development Ministry official said on Friday, in a move expected to inject new vitality into the slumping property and construction industries.

Another 10 billion yuan ($1.6 billion) was earmarked for infrastructure construction in shantytown renovation at a meeting of the State Council, China's cabinet, on Wednesday, said Housing and Urban-Rural Development Vice-Minister Wang Ning on Friday in Beijing.