China completes 6.88 Million affordable apartments in first 10 months this year

China completes 6.88 Million affordable apartments in first 10 months this year

BEIJING, Nov 11 — China completed the construction of 6.88 million affordable apartments in the first 10 months of this year, surpassing its annual target of 4.8 million, state media reported Wednesday.

Xinhua News Agency said in the January-October period, China started the construction of 7.47 million affordable apartments, also exceeding its target of 7.4 million for the whole year.

The construction has brought 1.28 trillion yuan (over US$200 billion) of investment, it quoted data from the Ministry of Housing and Urban-Rural Development.

It said China has been accelerating its affordable housing projects to improve people’s living conditions and shore up economic growth.

— BERNAMA
 

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