LINE

Text:AAAPrint
Business

China steps up funding for shantytown renovation

1
2014-08-05 07:39:46Xinhua ECNS App Download

  China will step up financial support to ensure that its annual target for renovation of shantytowns can be met, according to a government document published on Monday。

  The country will support state-owned companies to raise funds for shantytown renovation through issuing bonds, said a State Council circular。

  Private companies will enjoy the same preferential policies as their state peers when they participate in renovation projects, it added。

  The new housing finance division in the China Development Bank should prioritize lending to shantytown renovation projects, and commercial banks should improve lending services to them, according to the circular。

  Shantytown renovation is considered key to China's urbanization. The government has set the goal of subsidizing the rebuilding of 4.7 million housing units across the country this year。

  

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.