In Walk: China Announces Housing Plan | News | English

People walk past apartment blocks on the outskirts of Beijing, March 9, 2011 China plans to spend nearly $200 billion this year to build 10 million low-cost homes and will regulate rents. A senior government official says the project and regulatory changes are part of a wider plan to temper surging housing prices and tackle growing inequality. Chinese officials made a bold promise to spread prospe ...Walk