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    China frontloads a budget of $7.87 billion to support urban affordable housing projects

    • November 11, 2024
    • admin

    BEIJING (Reuters) – China’s finance ministry frontloaded a budget of 56.6 billion yuan ($7.87 billion) to support urban affordable housing projects, according to state media on Monday (NASDAQ:MNDY).

    This part of 2025’s central government fiscal funds will be used for affordable housing and the renovation of urban villages, old residential quarters and shanty towns.

    ($1 = 7.1933 Chinese yuan renminbi)

    This post appeared first on investing.com

    admin

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      Popular Topics
      • Unpacking the ‘Big, Beautiful Bill’: the winners, the losers and the aftermath
      • SovEcon sees weaker early grain yields in southern Russia, but Stavropol offers hope
      • Why Thailand’s economic recovery may not be straightforward
      • Top index forecasts: Hang Seng, Nikkei 225, FTSE 100, Nifty 50
      • Europe markets open: equities decline; China sets up to 34.9% tariff on EU drandy

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