China Gambles on Affordable Housing

Building 36 million units for the poor is meant to save the economy
Bo Xilai pushed social housing in Chongqing Photograph by Nelson Ching/Bloomberg

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.

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