China fulfilled its goal to begin construction of 5.8 million government-subsidized apartments in 2010.

At the beginning of this year, China planned to build 5.8 million government-subsidized apartments for low-income residents and those who live in shantytowns. Under the plan, 1.2 million dilapidated homes in rural areas will also be refurbished.

The investment of China's social housing program this year was expected to total 800 billion yuan ($118.96 billion), compared with 18.19 billion yuan ($2.73 billion) in 2008 and 55.06 billion yuan ($8.27 billion) in 2009.