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China is on the verge of building two million units of public rental housing in 2017 just to provide affordable homes for low-income citizens, as the official Xinhua news agency told on Monday.
The meteoric ascend of house prices in China's key cities as well as the country's household registration or "hukou" regime have left a great number of low-income families absolutely unable to afford or access to purchase their own homes.
The given plan is given the top priority by the Ministry of Housing and Urban-Rural Development, as vice minister Lu Kehua stressed in an interview.
The ministry is going to work with the national economic planning body as well as the Ministry of Finance on the program, as Lu told.
He told that local governments in some regions had been asked to decrease the threshold for the public housing system, thus providing migrant workers with the long-awaited access, with many regions heeding the call.
On Thursday, American leader Donald Trump unveiled that he generally disliked the Fed’s decision to have interest rates lifted, telling that he was concerned about their probable impact on the American economy as well as American competitiveness…
Inflation data is the most important indicator that affects the central bank’s monetary policy.
Although yesterday the US dollar index closed at the low level comparing to the daily movement, today it has been moving up again.
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…
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