Redevelopment of cities will also gather pace, with a million “urban villages” to be included in such plans, Minister Ni Hong said. — Reuters
BEIJING: China will expand a “white list” of housing projects eligible for financing and increase bank lending for such developments to four trillion yuan or about US$562bil, Housing and Urban-Rural Development Minister Ni Hong says.
Redevelopment of cities will also gather pace, with a million “urban villages” to be included in such plans, Ni said at a press conference yesterday.
