BEIJING, March 16 (Xinhua) -- The Chinese central government departments have released a plan to allocate 35 billion yuan (about 5.2 billion U.S. dollars) to support development of low-rent housing.
The plan was jointly issued by the National Development and Reform Commission (NDRC) and the Ministry of Housing and Urban-Rural Development,according to a statement posted on the NDRC's website Wednesday.
The statement said that the funds would be used to speed development of low-rent apartments
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