China to build 7 million low-cost homes in 2015

[TaiShang]

China to build 7 million low-cost homes in 2015
December 19, 2014
Brics Post

China will begin construction of seven million homes under the affordable housing program in 2015.


China will increase the supply of land for homes and spend more on affordable housing projects, President Xi Jinping said last year.

China’s Ministry of Housing and Urban-Rural Development announced on Friday that the government will target completion of building 4.8 million of these low-cost homes next year.

Housing Minister Chen Zhenggao revealed the target at a national conference on housing and urban-rural development in Beijing.

The affordable housing program is aimed at providing cheap homes for eligible low-income earners.

China began the construction of over seven million homes and completed 4.8 million in 2014.

Chen said China will also continue to push forward the shanty town renovation program extensively as “it can not only improve people’s livelihood but also spur economic growth”.

The issue of inadequate housing is particularly grim in emerging countries like China and India, which are poverty-ridden in pockets.

India needs about 19 million low-cost homes – roughly defined as costing a million rupees ($16,700) and below – to shelter an urban population expected to nearly double to 600 million by 2030 from 2011.

Indian Prime Minister Narendra Modi has also vowed to adopt a low-cost housing policy that would ensure every family in Asia’s third-largest economy has a home by 2022.

A new McKinsey report says the affordable-housing gap now stands at about $650 billion a year, or 1 per cent of global gross domestic product.

 

[yusheng]

China is a socialist country, goverment earns money by national capital and then share the profit with the poors who need help most.

 

[Echo_419]

China to build 7 million low-cost homes in 2015
December 19, 2014
Brics Post

China will begin construction of seven million homes under the affordable housing program in 2015.


China will increase the supply of land for homes and spend more on affordable housing projects, President Xi Jinping said last year.

China’s Ministry of Housing and Urban-Rural Development announced on Friday that the government will target completion of building 4.8 million of these low-cost homes next year.

Housing Minister Chen Zhenggao revealed the target at a national conference on housing and urban-rural development in Beijing.

The affordable housing program is aimed at providing cheap homes for eligible low-income earners.

China began the construction of over seven million homes and completed 4.8 million in 2014.

Chen said China will also continue to push forward the shanty town renovation program extensively as “it can not only improve people’s livelihood but also spur economic growth”.

The issue of inadequate housing is particularly grim in emerging countries like China and India, which are poverty-ridden in pockets.

India needs about 19 million low-cost homes – roughly defined as costing a million rupees ($16,700) and below – to shelter an urban population expected to nearly double to 600 million by 2030 from 2011.

Indian Prime Minister Narendra Modi has also vowed to adopt a low-cost housing policy that would ensure every family in Asia’s third-largest economy has a home by 2022.

A new McKinsey report says the affordable-housing gap now stands at about $650 billion a year, or 1 per cent of global gross domestic product.

Great news for china

 

[Galad]

Great news for China indeed.It is good to hear China is not abandoning poor people and slowly year by year makes their standard of life better and better unlike West.Here in Bulgaria from long long time normal working people cant afford to buy a flat or build a house -part of the plan of course.

 

[Götterdämmerung]

Great news for China indeed.It is good to hear China is not abandoning poor people and slowly year by year makes their standard of life better and better unlike West.Here in Bulgaria from long long time normal working people cant afford to buy a flat or build a house -part of the plan of course.

The former East European countries have been framed by NATO. when you guys became part of the EU/NATO it was in fact a sell out of your national wealth. Just take a look who are the owners of the largest media in these countries!

for you as a comfort, living standard is also falling in the old EU countries. A blue collar worker has no chance to ever become an owner of even a flat. 20 years ago, they could even build their own house.

 

[ChineseTiger1986]

The former East European countries have been framed by NATO. when you guys became part of the EU/NATO it was in fact a sell out of your national wealth. Just take a look who are the owners of the largest media in these countries!

for you as a comfort, living standard is also falling in the old EU countries. A blue collar worker has no chance to ever become an owner of even a flat. 20 years ago, they could even build their own house.

China will eventually prove its own socialist model is doable for others as well.