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Source: Xinhua |
June 30, 2012, Saturday
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Print Edition
Print Edition
CHINA yesterday issued a notice to lure investment into the construction of low-income homes in the country, a move to further relax restrictions on private capital entering state-dominated sectors.
Private investors are encouraged to participate in the construction of low-rent, public-rent, affordable and price-capped housing, as well as the renovation of rundown houses, according to the notice jointly released by seven ministries, including the Ministry of Housing and Urban-Rural Development.
Under the notice, banks are asked to support private investors.
Private investors are encouraged to participate in the construction of low-rent, public-rent, affordable and price-capped housing, as well as the renovation of rundown houses, according to the notice jointly released by seven ministries, including the Ministry of Housing and Urban-Rural Development.
Under the notice, banks are asked to support private investors.
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