Chinese Minister of Housing and Urban-Rural Development Jiang Weixin
said yesterday that the ministry would put boosting domestic demands on top
of its agenda and ramp up efforts on urban infrastructure and public utilities
construction.
"Local housing and urban-rural development agencies should also step up
efforts on the construction projects for the low-rent and affordable
apartments," Jiang said at an internal tele-conference held here.
China plans to invest 900 billion yuan (US$131.8 billion) for housing
construction in the coming three years, which would benefit 7.47 million
low-income households.
Jiang also urged local industry watchdogs to continue pushing forward the
energy-saving work in the construction sector.
The ministry called on more efforts to better regulate the real estate market
and to encourage and support reasonable housing consumption.
In a similar development, the Ministry of Agriculture said on Thursday the
country would add 5.15 billion yuan to improve agricultural infrastructure
projects and farmers' living standards, part of the country's 4 trillion yuan
economy stimulus package unveiled on Sunday by the State Council, or Cabinet.