China needs to build more
low-price homes to promote healthy and sustainable urbanization,
Qiu Baoxing, Minister of Construction, said in a seminar speech in
Beijing on Wednesday.
He made the remarks at a forum at the China Foreign
Calling urbanization an "irresistible trend" for every
country in the world, Qiu said the government had to invest more in
low-rent and low-price homes as well as to increase supply and
improve the social welfare system.
The world's most populous country with roughly 1.3
billion people, China has about 900 million people living in rural
areas. With an average annual income of 3,587 yuan in 2006, rural
residents have been discouraged from moving to cities by the
rocketing housing prices.
Qiu outlined challenges to urbanization, such as
environmental degradation and inefficient use of
(Xinhua News Agency March 8, 2007)