"The central government has made arrangements to speed up the low-rent housing system, improve the affordable housing system and ease the housing difficulties of urban low-income families," he said.
The privatization of housing in China over the last two decades has led to a booming real estate market that has left homes unaffordable to not only low-income earners, but also to many ordinary working families.
Official figures show that property prices in 70 Chinese cities rose 9.5 percent year-on-year in October, up 0.6 percentage points from September, with prices in the eastern metropolis of Shanghai up 7.9 percent.
RSS