Housing construction will be sped up to meet the huge demands
on domestic market in China in the coming five to 10 years,
the Ministry of Construction predicts.
A plan by the ministry
calls for each urban resident to obtain 22 square meters of
housing on average, individual consumption of housing will
make up 15 percent of the total.
The urbanization
rate will increase by 36 percent and 86 percent of the urban
families will have access to natural gas by 2005.
The central government
has also vowed to increase the housing acreage of both urban
and rural residents and improve the quality of houses in its
10th five-year plan (2001-2005).
The housing industry
will increase, said Xie Jiajin, director of the Housing and
Real Estate Industry Department of the Ministry of Construction,
adding that the Chinese people are catering to individual
purchases on houses, instead of getting houses from their
work units; house transactions and investment will be more
active; and the per capital housing acreage cannot satisfy
the demands of the Chinese people.
(People's Daily
11/26/2000)
|
