Tuesday, July 02, 2013

tons of money, but who benefits?

China has allocated $5.73 billion for upgrading shantytown neighborhoods this year, China Daily reports. For some perspective, that's more than ten times the yearly budget of UN-Habitat.

Of course, if the past is any indication, China will probably use the money for demolition, destroying longstanding communities to make way for luxury highrises.

1 comment:

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