Economics
China May Need More Affordable Homes Than Targeted, ISI Says
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China may need to build more affordable homes next year than the 10 million units planned as the target may not be “sufficient” to meet the country’s demand, according to International Strategy & Investment Group.
The government plans to almost double the 2011 supply of affordable housing from 5.8 million units this year as it introduces more measures to curb property speculation, Premier Wen Jiabao said in a radio broadcast on Dec. 26.