Corruption threat to China housing plan: state media
- Published: 6 Jan 2013 at 01.45
- Online news: Asia
A high-profile effort by the Chinese government to build affordable houses for the millions priced-out of the country's property market is marred by official corruption, state run media said on Saturday.
Labourers construct housing in Yichang, in central China's Hubei province, on December 18, 2012. A high-profile effort by the government to build affordable houses for the millions priced-out of the country's property market is marred by official corruption, state run media said on Saturday.
China in 2010 launched a massive "affordable housing" drive as part of an effort to defuse widespread discontent about the country's house prices, which have skyrocketed over the last decade.
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