China to renovate 6 mn run-down run down houses in 2016
Beijing: China plans to renovate 6 million run-down urban houses in 2016, the ministry of housing and urban-rural development announced. The programme is a crucial way of providing lowincome urban residents with affordable housing, Xinhua news agency reported. China had a target of renovating 5.8 million homes in 2015, and in the first 10 months work began on 5.75 million units. The aim is to complete renewal of all rundown urban areas and dilapidated housing by 2020.At Monday’s meeting, officials highlighted destocking housing inventories as a major task for 2016.