JSCh
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Only about the government housing part.even india has that fact, but people here give 10 to 20 years of their life repaying the loan they took to build their house or buy a flat, and to make that money they become wage-slaves ( do jobs ).
can you give links for those two things??
FYI, report on what have been done on housing from 2007-2012.
Factbox: China's affordable housing achievements - Xinhua | English.news.cn
English.news.cn 2012-10-14 16:49:29
BEIJING, Oct. 14 (Xinhua) -- The government has stepped up efforts to construct affordable housing over the past five years in order to give more low-income households access to inexpensive housing amid the country's rapid urbanization process.
The following are facts and figures related to government-subsidized affordable housing projects over the past five years:
-- In 2007, the central government unveiled policies intended to solve housing problems for low-income urban households, allocating 7.7 billion yuan (1.22 billion U.S. dollars) for low-rent housing projects.
-- China started to build affordable housing units in 2008, aiming to house 20 percent of urban low-income families by the end of the 12th Five-Year Plan period (2011-2015).
-- In 2008, the central government spent 18.19 billion yuan to support affordable housing projects.
-- In 2009, the nation's total funding for affordable housing programs reached 55.06 billion yuan. The government also stepped up subsidy support for low-rent housing programs, especially in less-developed regions in west China.
-- In 2010, the central government earmarked 80.2 billion yuan from its budget to fuel the projects. Construction on 5.9 million affordable housing units began that year.
-- In early 2011, China vowed to build 36 million affordable housing units between 2011 and 2015.
-- In 2011, construction began on 10 million affordable housing units. By the end of the year, a total of 26.5 million households in cities had benefited from affordable housing projects, representing 11 percent of the country's total urban population.
-- In the first nine months of 2012, China started construction on 7.2 million affordable housing units, exceeding the annual target of 7 million units.
-- The construction of 4.8 million affordable housing units was completed within the first three quarters, closing in on the annual target of 5 million completed units.
Editor: znz
*****
And this year Chinese government session plan for 2015-2016.
China allocates 124b yuan to fund affordable housing program - China - Chinadaily.com.cn
(chinadaily.com.cn) Updated: 2015-05-20 16:12
BEIJING -- Chinese central government allocated 124.3 billion yuan ($20.2 billion) in 2015 to fund an affordable housing program to improve people's livelihood and spur economic growth, the Ministry of Finance said on Wednesday.
The money will be used as rent subsidies for low-income families, to fund public rental housing and renovation of shanty towns, according to the ministry.
The affordable housing program, which was approved in 1999, is designed to provide cheaper housing to low-income families who cannot afford to buy a home in cities, where real estate prices skyrocketed over the past years.
Over the past four years, more than 20 million affordable houses were completed across the country, with 12 million under construction, and the assistance fund for building the houses has reached 710 billion yuan, according to the Ministry of Housing and Urban-rural Development.
China has set goals to construct 36 million affordable houses between the start of 2011 and the end of 2015.