China starts building 7m low-income housing
Updated: 2011-08-13 14:24
(Xinhua)
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BEIJING-- China started building 7.218 million units of low-income housing in the first seven months of this year, the Ministry of Housing and Urban-Rural Development said Friday.
Construction of such houses accelerated significantly in July, the ministry said in a statement on its website. The statistics did not include the number in Tibet Autonomous Region, it added.
The government vowed to start construction of 10 million units of low-income housing this year, part of the five-year plan to build 36 million units by 2015.
The government hopes such affordable houses can stabilize the country's runaway property prices.
