The Number

Updated: 2013-05-16 07:55

(China Daily)

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Billion yuan

The central government has allocated 8 billion yuan ($1.3 billion) to support low-rent housing projects in 2013, the Ministry of Finance announced on Wednesday. The funds will provide subsidies for the rental, purchase or rebuilding of low-rent housing units.

(China Daily 05/16/2013 page2)