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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.
In August, American home sales stood still, although inventory added for the first time for three years because the housing market kept struggling notwithstanding strength across the broader American economy…
The Canadian dollar has chances to keep trading at good levels. According to the recent statement of the Bank of Canada, the country’s economic data are in line with the forecasts.
The main focus today is on the UK retail sales, which are expected to fall by 0…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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