Sign of Vanke is seen at a gate of a construction site in Shanghai in this file photo. China’s Housing Ministry said Monday that investment in the shantytown redevelopment project has exceeded 1.19 trillion yuan (US$173.26 billion) in the first eight months of the year. Analysts say the project has boosted property demand as residents are encouraged to use cash compensation to buy a new home when their existing home is demolished.SD-Agencies |