Monday, June 22, 2015

#CHINA: Gov't Adds US$1.6 Billion To Low-Cost Housing "Stimulus" Plan Amid Slump

[world politics news]

Another 10 billion yuan ($1.6 billion) was pledge last week for infrastructure construction in shantytown renovation at a meeting of the State Council, China's cabinet. China has dedicated 149.4 billion Yuan to shantytown rebuilding this year, and 36.5 billion Yuan toward renovating rural housing. Overall, China is budgeting 477.6 billion Yuan of its 2.2 trillion Yuan central budget on housing renovation.

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