By continuing to browse our site you agree to our use of cookies, revised Privacy Policy and Terms of Use. You can change your cookie settings through your browser.
Translating...
Content is automatically generated by Microsoft Azure Translator Text API. CGTN is not responsible for any of the translations.
TOP NEWS
Economy
07:13, 25-Mar-2025
China
06:16, 26-Mar-2025
Politics
04:12, 26-Mar-2025
RELATED STORIES
North America
01:16, 30-Jan-2025
12:25, 27-Feb-2025
MORE FROM CGTN
ShowBiz
14:50, 26-Mar-2025
Technology
13:26, 26-Mar-2025
Video
12:58, 26-Mar-2025
SITEMAP
Copyright © 2024 CGTN. 京ICP备20000184号
Disinformation report hotline: 010-85061466
SITEMAP
Copyright © 2024 CGTN. 京ICP备20000184号
Disinformation report hotline: 010-85061466
A government-subsidized housing project is under construction in Nantong City, east China's Jiangsu Province, March 22, 2024. /CFP
China's central bank announced on Friday that it would establish a 300-billion-yuan (about $42.25 billion) relending facility to support the government-subsidized housing project.
Local state-owned enterprises are encouraged to use the funds to buy reasonably priced commercial homes that have completed construction, Tao Ling, an official with the People's Bank of China, told a press conference, adding that these homes will then be used to provide affordable housing.