Loading...
Loading...
Browse all stories on DeepNewz
VisitChina's Ni Hong Announces 1 Million Housing Units, 4 Trillion Yuan Support for 4.5 Million Young People
Oct 17, 2024, 02:29 AM
China's Housing Minister Ni Hong has announced a comprehensive plan to address the country's housing challenges. The plan includes the construction of an additional one million housing units aimed at reducing housing stock and renovating urban villages and dilapidated houses. Commercial banks will offer special loans to support these projects, and there is room to increase support beyond the initial one million units. The minister also plans to expand the white list of projects, with bank lending expected to reach 4 trillion yuan. Monetisation measures will be adopted for urbanisation projects, and special local government bonds may be issued. Additionally, the minister aims to provide affordable housing for 4.5 million young people by the end of 2024. Monetary subsidies will be extended to low-income groups to support affordable housing on a demand basis, ensuring a balanced financial plan to avoid new local debt risks.
View original story
Less than 3 trillion yuan • 25%
3 to 4 trillion yuan • 25%
4 to 5 trillion yuan • 25%
More than 5 trillion yuan • 25%
Less than 3 trillion yuan • 25%
3 to 4 trillion yuan • 25%
4 to 5 trillion yuan • 25%
More than 5 trillion yuan • 25%
Less than 500 billion yuan • 25%
500 billion to 1 trillion yuan • 25%
1 trillion to 1.5 trillion yuan • 25%
More than 1.5 trillion yuan • 25%
Yes • 50%
No • 50%
Less than 100 billion yuan • 25%
100 billion to 200 billion yuan • 25%
200 billion to 300 billion yuan • 25%
More than 300 billion yuan • 25%
Industrial and Commercial Bank of China • 25%
China Construction Bank • 25%
Agricultural Bank of China • 25%
Bank of China • 25%
Commercial bank loans • 25%
Special local government bonds • 25%
Direct government funding • 25%
Private investments • 25%
Less than 6 trillion yuan • 25%
6 to 8 trillion yuan • 25%
8 to 10 trillion yuan • 25%
More than 10 trillion yuan • 25%
Yes • 50%
No • 50%
Below CNY 2 trillion • 25%
CNY 2 trillion - CNY 2.5 trillion • 25%
CNY 2.5 trillion - CNY 3 trillion • 25%
Above CNY 3 trillion • 25%
Yes • 50%
No • 50%
Minimal subsidies • 25%
Comprehensive subsidies • 25%
Substantial subsidies • 25%
Moderate subsidies • 25%