Apr 21, 2014 05:45 PM

Closer Look: Why Gov't Is Eager to Renovate Shantytowns

(Beijing) – The government's push for more affordable housing projects is unlikely to further stimulate real estate investment, but putting the focus on shantytown renovation is step in the right direction.

As the economy slowed in the first quarter, hopes are running high that the government's drive for building affordable housing will offset cooling investment in real estate and contribute to GDP growth.

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