Date
16 December 2017

Govt allots 1 trn yuan to relocate 4.7 mln families, report says

The Ministry of Housing and Urban-Rural Construction said it plans to invest more than 1 trillion yuan (US$162.79 billion) to relocate over 4.7 million households living in huts to public housing units, news website Caijing.com reported Monday. For this year alone, the central government will increase the budget for the relocation of 100 million people to 457.6 billion yuan, the report said, citing its 2014 work report.

– Contact HKEJ at [email protected]

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