Latest News:  
Beijing   Sunny    21 / 12 ℃  City Forecast

English>>China Society

Chinese gov't allocates 5 bln yuan for rural housing renovation


13:30, October 20, 2012

BEIJING, Oct.19 (Xinhua) -- The government has allocated an additional five billion yuan (792.39 million U.S.dollars) to fund the renovation of 600,000 dilapidated rural homes this year, the Ministry of Finance said Friday.

The additional funds will also be used to improve the energy efficiency of 200,000 rural households in north China, as well as southwest China's Tibet Autonomous Region, said the ministry.

The government previously allocated 39.57 billion yuan to subsidize 5 million rural families whose homes are being restored this year, the ministry said.

The government decided to subsidize rural housing restoration at the national level this year by providing an average subsidy of 7,500 yuan for each family whose home is being renovated.

Households that receive energy efficiency improvements also receive an additional subsidy of 2,500 yuan each, the ministry said.
Most viewed commentaries

Recommended News
Chinese students will study laureate's works Cables crisscross new bridge across Yangzte Hostage situation ends in police shooting
Largest tent mosaic created in Qingdao Panda 'Taotao' starts new life in the wild A billionaire's giveaway


Leave your comment0 comments

  1. Name


Selections for you

  1. Weekly review of military photos

  2. Chinese conducts exercise in East China Sea

  3. Astronomy pictures of the week

  4. Same-sex wedding performed in Fujian Province

  5. Naked truth challenges values

  6. Zhejiang Real Estate Expo kicks off

  7. 14th Shanghai International Arts Festival

  8. Panda cub at San Diego Zoo

Most Popular


  1. Experts on touch-and-go landing on the Liaoning
  2. There is no justification for street violence
  3. Tokyo shrine visit angers neighbors
  4. BRICS can build optimism
  5. Rich list shines a light on China’s shifting economy
  6. Indigenous industry key to change
  7. Miners must break ground overseas
  8. 2nd US debate sees candidates flex China muscle
  9. Romney's post-debate bounce could soon fade
  10. New road rule marks first step to orderly society

What’s happening in China

Man gets life sentence for stabbing doctors

  1. Chinese telecom fraud gang busted, 86 arrests
  2. Overweight people promote plus-size fashion
  3. Chinese life expectancy to hit 75.8 years by 2015
  4. China fewer fatal fires amid safety campaign
  5. Food poisoning kills 50 in Q3