27.04.2012 - China gambles on affordable housing
The Beijing Star Brand Building Materials West Factory has been demolished, and in its place is a construction pit crawling with dump trucks as cranes tower above. This is the future home of the Taiheyuan Affordable Housing Project, which will have grocery stores, restaurants, and 2,400 apartments for factory hands and other low-income residents. As growth slows and real estate values slump, Chinese officials are counting on cheap housing to help prop up the economy...............................................Full Article: Source
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