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Recent China research
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Funding problems are undermining China’s social housing plans
China’s programme for cheap social housing will see a large increase in construction starts during the rest of 2011 and in 2012 thanks to a major policy drive by the central government which plans 10 million starts in 2011. It is counting on this programme to provide demand for suppliers to the construction industry in the event of a substantial slowdown in the residential property market. The plan enjoys strong backing from Li Keqiang who is expected to be the country’s next Prime...