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These leveraged investments included Ocean Flower Island, a 100 billion RMB (US$15.5 billion) project to build an artificial island on the north shore of Hainan near Yangpu in the South China Sea, [10] plans to spend over 45 billion RMB (US$7 billion) between 2019 and 2021 in electric vehicle development, [11] and ownership of Guangzhou F.C ...
China's economic growth was sustained by the economic stimulus and in addition, assisted neighboring countries with the economic recovery in 2010. [15] Chinese real economic growth was around 10 percent even as European and North American economies were slowing. [16] The stimulus provided funds for infrastructure projects and housing developments.
(Reuters) -China is considering a plan for local governments nationwide to buy millions of unsold homes, Bloomberg News said on Wednesday, after a meeting of leaders of the ruling Communist Party ...
The Ministry of Housing and Urban-Rural Development is a ministry of the People's Republic of China which provides housing and regulates the state construction activities in mainland China. It was formerly known as the Ministry of Construction ( Chinese : 建设部 ; pinyin : Jiànshèbù ).
The last time China publicly announced a nationwide increase in pay for civil servants was in 2015, when the government raised pay for local officials by more than 30% as part of an effort to ...
The persistent weakness in the housing market is hobbling China’s economic recovery. The country’s gross domestic product expanded by a better-than-expected 4.9% in the third quarter ...
In September 2011 alone, work commenced on 1.2 million units across China; a 70% increase in the construction of social housing compared with 2010 construction. [9] By 2014, Chinese builders have added 100 billion square feet of housing space in China, equating to 74 square feet per person. Construction of urban housing was a major undertaking.
Hundreds of temporary one-room housing units were being set up Thursday in northwest China for survivors of an earthquake that destroyed more than 14,000 homes and killed at least 135 people ...