China allocates 1.8b yuan to upgrade run-down residential areas
Updated: 2011-08-18 10:59
(Xinhua)
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BEIJING - China has allocated 1.796 billion yuan ($281 million) to upgrade run-down areas in state-owned industrial and mining areas so to provide adequate housing for low-income families, the Ministry of Finance said Wednesday.
The money, the second batch this year, will be used to build infrastructure in run-down areas in 27 provincial-level regions, including Inner Mongolia autonomous region, and Liaoning, Henan and Hunan provinces, the ministry said in a statement on its website.
China plans to start building 10 million units of low-income housing this year.
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