Economy
China to increase land supply for residential property
(Xinhua)
Updated: 2010-04-15 17:11
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BEIJING - The Chinese government said Thursday it plans to increase the land supply available for residential property, in a bid to guide the country's runaway property market into more healthy development.
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Areas for low-cost housing, renovated shanty houses and small- and medium sized apartments will be allocated more than 70 percent of the total land supply, the ministry said.
