But next year's target is lower than the 2013
objective, even though China built more public homes this year
than it had planned, Xinhua said, citing the Ministry of Housing
and Urban-Rural Development.
The country began building 6.7 million units of public homes
this year and has completed 80 percent of them, Xinhua said. The
government had intended to start work on 6.3 million units in
2013 and finish building three-quarters of them.
Large-scale construction of public homes in China not only
supports growth in the world's second-largest economy, it also
helps to quell discontent over soaring house prices.
Yet some have in the past criticized China's public homes — also
known as affordable housing — as being ineffective because they
say good apartments are set aside for officials, leaving poorly
built ones for the public.
China's house prices rose at their fastest pace on record last
month in defiance of a four-year government campaign to calm an
exuberant property market.
(Reporting by Koh Gui Qing; editing
by Robert Birsel)
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