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China to renovate 5.4 mln dilapidated homes in 2015

2015-09-17 08:16

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China will renovate 5.4 million dilapidated apartments in urban areas this year.

The Ministry of Finance on Wednesday unveiled the target on its website and said local governments should provide timely fiscal and financial support using public budgets, government-managed funds and local government bonds. China renovated 4.7 million homes in run-down areas in 2014.

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