China plans to spend 33 billion yuan in building low-rent apartments this year in an effort to address the housing problems for 2.6 million low-income families this year, Qi Ji, vice minister of Housing and Urban-Rural Development, said on Wednesday.
Around 70 percent of those low-income families will move into houses provided by the government, while the other 30 percent will get a subsidiary for housing, Qi said.
(China Daily March 11, 2009)
