China will offer government-subsidized housing for 4.5 million youth and new urban residents by the end of this year, Ni Hong, Minister of Housing and Urban-Rural Development, told a press conference in Beijing on Thursday.
Urging local governments to refine real estate policies based on local conditions, Ni highlighted the importance of scaling up the supply of government-subsidized housing.
From January to September of this year, China made 1.48 million government-subsidized housing units available, which will accommodate 4.5 million new urban residents and youth by the end of the year, said Ni.
"To meet the needs of families with two or more children, we have urged and supported local governments to increase the floor area for those eligible for government-subsidized homes based on their specific circumstances. In accordance with local conditions, the authorities in various cities should refine the real estate policies while upholding the bottom line and increasing the supply of government-subsidized housing units. By the end of this year, we will be able to provide government-subsidized homes for 4.5 million young people and new urban residents," said Ni.
China to offer subsidized homes for 4.5 mln new urban residents by year end: official
A forum on green energy cooperation between China, Europe and Africa has underscored technological collaboration to discover new potential in the industry and further contribute to global climate governance for a green and low-carbon future.
The second China-Europe-Africa Green Energy Development Forum opened in east China's Wenzhou City on Saturday, gathering more than 100 politicians, ambassadors and industry representatives from China, European and African countries to discuss new opportunities and innovations for green development.
A recent report from the International Energy Agency forecasts that China is set to account for almost 60 percent of all renewable capacity installed worldwide between now and 2030.
Several attendees praised China's efforts in advancing its transition toward a green, low-carbon economy.
"China is actively promoting the development of green energy across all provinces and regions, driven by the commitment to and implementation of green policies championed by President Xi Jinping. Simultaneously, the country has made substantial investments in green energy projects abroad," said Gilles Pargneaux, a former member of the European Parliament.
In September, China announced plans to implement 30 clean energy projects in Africa to support the continent's green development.
"China holds a prominent position in the field of new energy, backed by advanced technology and extensive experience in wind and solar power. As an international market player, it has huge potential and competitiveness," said Salaheddine Mezouar, former Moroccan foreign minister.
China, Europe, and Africa each possess unique strengths in green energy, with significant potential for complementarity.
As China leads in expanding renewable energy capacity, Chinese companies are actively seeking win-win partnerships with Europe and Africa, particularly in the solar energy sector.
"We can provide pretty, cost-effective products for both European solar market and also African solar market. We could create a lot of jobs since we need local labor to do the installation. It could increase the economics by providing green energy and also raise production efficiency there," said Lu Chuan, chairman of Chint New Energy that operates photovoltaic businesses.
A white paper from China's National Energy Administration reveals that the country's total installed capacity of wind, solar, and photovoltaic power reached 1.2 billion kilowatts by the end of July, achieving its target six years ahead of schedule.
China-Europe-Africa forum highlights green energy cooperation
