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The statement gave few details but also said local officials were to push ahead with experimental changes in taxes on real estate sales. It told local governments to speed up work on meeting Communist Party pledges to complete 4.7 million low-cost homes this year and start construction of 6.3 million more homes. Construction of low-cost housing is part of a series of government initiatives to spread China's prosperity more widely. Earlier this month, the government issued a sweeping pledge to narrow China's wealth gap with measures including requiring cash-rich state companies to turn over more profits to pay for social programs. It promised more spending on health, education and job training but gave few details and no sign of how Beijing will enforce changes that might hurt state industry and other politically influential factions. ___ Online: Chinese Cabinet (in Chinese):
http://www.gov.cn/
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