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A general view of buildings in Tianjin, China August 18, 2023. REUTERS/Tingshu Wang/ File Photo
A general view of buildings in Tianjin, China August 18, 2023. REUTERS/Tingshu Wang/ File Photo
Chinese Vice Premier He Lifeng attends a joint press conference following the 10th China-EU High-Level Economic and Trade Dialogue at the Diaoyutai State Guesthouse in Beijing, China September 25, 2023. REUTERS/Florence Lo/ File Photo
Chinese Vice Premier He Lifeng attends a joint press conference following the 10th China-EU High-Level Economic and Trade Dialogue at the Diaoyutai State Guesthouse in Beijing, China September 25, 2023. REUTERS/Florence Lo/ File Photo
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China to let local govt officials buy affordable housing at 'reasonable' prices

May 17th, 2024 | 05:17 AM WORLD China 1

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By Reuters

China will allow local government authorities to buy some homes at "reasonable" prices to provide affordable housing, Vice Premier He Lifeng told an online meeting on housing policy on Friday, the official news agency, Xinhua, said.

He also called for efforts to categorise and promote disposal of sold but difficult-to-deliver housing projects that are under construction, it added.

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