Award-winning Nanjing to spend $4b on new housing

“Nanjing will spend another 30 billion yuan ($4.41 billion) to renovate 3 million sq m of dilapidated residential areas before the end of 2010, a government spokesman said yesterday.

The measures were announced after Nanjing won the top UN Habitat award at the ongoing World Urban Forum in the city.”

SOURCE: Chinadaily – Award-winning Nanjing to spend $4b on new housing.

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