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China completes 2015 affordable housing targets

Xinhua, November 11, 2015 Adjust font size:

China completed the construction of 6.88 million affordable apartments in the first ten months of the year, surpassing its annual target of 4.8 million, official data showed.

In the Jan.-Oct. period, China started the construction of 7.47 million affordable apartments, also exceeding its target of 7.4 million for the whole year, according to the Ministry of Housing and Urban-Rural Development.

The construction has brought 1.28 trillion yuan (over 200 billion U.S. dollars) of investment, the data showed.

China has been accelerating its affordable housing projects to improve people's living conditions and shore up the economic growth. Endi