[photopress:zeng_peiyan.jpg,full,alignright]Chinese Vice Premier Zeng Peiyan has urged the Beijing Municipal government to supply low-income families with more and better houses. Zeng made the remarks after hearing reports on regulating Beijing’s real estate market at a recent meeting held by the State Council.
Zeng Peiyan, said, ‘The municipal government should channel more funds into the low-rent housing system and standardize the construction, sales and circulation of low-cost affordable housing.’
The meeting emphasized a combination of market mechanism and governmental regulationsto gradually solve the basic housing problem of low-income families.
Official figures show Beijing will build 10 million square meters of low-cost affordable housing over the next three years and will also begin to build 300,000 square meters of low-rent housing during the present year.