China has made reduction of unsold housing inventories in the nation’s lower tier cities one of its central goals for 2016, as the country’s leadership looks for ways to spur growth in an economy which last year slipped to its… Read More>>
National Auditors Allege RMB9.37B Fraud and Abuse in Public Housing
China recently set aside RMB 119.3 billion ($19.2 billion) to provide affordable housing for its middle-class, but the program seems to first be creating opportunities for massive fraud and abuse of funds.
The country’s National Audit Office issued a statement… Read More>>
RMB 119B Budgeted for Low Income Housing to Prop Up Market
China took a step designed to both cool down its housing market and perk up its economy last week when it set aside RMB 119.3 billion ($19.2 billion) to build low cost homes.
According to a story in the Wall… Read More>>