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New affordable housing

(Global Times)

08:51, July 10, 2012

The Ministry of Housing and Urban-Rural Development said Monday that China started construction of 4.7 million units of affordable housing in the first half of this year.

The ministry also said in an announcement that construction of 2.6 million of the units has already been completed in the first half of this year, with a total investment of 507 billion yuan ($79.5 billion).

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