Business / Industries

China injects 200b yuan subsidy for housing projects

(Xinhua) Updated: 2014-05-26 13:46

BEIJING - The Chinese central government appropriated 200.3 billion yuan in 2013 to help facilitate the building of government-subsidized housing, the rebuilding of dilapidated areas and related infrastructure, said a government report here Monday.

"The government-subsidized housing projects continue to make progress," said a report on China's human rights in 2013, issued by the State Council Information Office.

In 2013, construction of 6.6 million government-subsidized housing units and housing units in dilapidated areas started, and 5.4 million were basically finished, according to the report.

Cities at prefectural level and above had all worked out the conditions, procedures and waiting rules for government-subsidized housing applications by migrant workers, and the government-subsidized housing system had expanded to cover not only households with permanent urban residency but all the resident population in urban areas, the report said.

China continued to promote the renovation of rural housing, renovating 2.66 million dilapidated rural houses in 2013, figures from the report show.

China injects 200b yuan subsidy for housing projects

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