China spends big on re­build­ing shan­ty­towns

China Daily (Canada) - - NEWS CAPSULE -

China spent about $198 bil­lion on ren­o­vat­ing shan­ty­towns in the first three quar­ters of 2018, hous­ing au­thor­i­ties said.

China started the re­build­ing of 5.34 mil­lion shan­ty­town units in the first nine months, ac­count­ing for more than 92 per­cent of this year’s tar­get, the Min­istry of Hous­ing and Ur­ban-Ru­ral De­vel­op­ment said on its web­site.

This year’s gov­ern­ment work re­port said the coun­try should start the ren­o­va­tion of 5.8 mil­lion shan­ty­town units.

China has de­cided to speed up shan­ty­town ren­o­va­tion to im­prove the liv­ing con­di­tions of peo­ple with hous­ing dif­fi­cul­ties, ac­cord­ing to a State Coun­cil ex­ec­u­tive meet­ing chaired by Premier Li Ke­qiang ear­lier this month. The meet­ing vowed to speed up re­vamp­ing shan­ty­towns and an­cil­lary fa­cil­i­ties and tighten su­per­vi­sion over con­struc­tion qual­ity and safety in ac­cor­dance with the re­quire­ments of the gov­ern­ment work re­port. (Photo 1)

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