Chinese President Xi Jinping has stressed the need to accelerate the country's housing security and supply to guarantee people's basic residential needs.
Presiding over a group study session of the Political Bureau of the Communist Party of China Central Committee on Tuesday, Xi said that pushing the construction of the housing supply system is a solid project that benefits all people.
"China will exert every effort to increase housing supply while pursuing affordable, environmentally friendly and safe living standards in accordance with the country's practical situation," he said.
According to the country's 12th five-year plan, China will increase its quantity of affordable housing so that it covers 20 percent of all residential areas by 2015 through construction of 36 million affordable housing units, including renovation of run-down neighborhoods.
Xi said the government will first ensure the quality and safety of these buildings and strive to accomplish the goal while speeding up the construction of public rental and low-rent housing as well as the renovation of run-down neighborhoods.
Source: Xinhua
