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China pushes public housing as prices boom

Posted on 08 August 2011

With their monthly income of 10,000 yuan (about $1,500), Beijing nurse Liang Huiqing and her husband would not have been able to get a foothold in China’s soaring property market without government help.
The couple, who have a 12-year-old son, bought their apartment in China’s vast capital for just 500,000 yuan — about one-sixth of the market price — under a state-subsidised housing programme……………………………………….Full Article: Source


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