China's $600 billion housing push faces roadblocks

Taoyuan Village, the first affordable-housing project in the Southern boomtown of Shenzhen, should be a shining example of Beijing's ambitious $600 billion plan to offer high-quality housing for the millions of Chinese priced out by the urban property boom.

But the residents of this new town, with its gleaming high-rises and clean lanes, have a different view.

"Almost all interior walls in every home here have turned black because the developer used bad construction materials," complained one woman in her 50s, as she fed her grandchild outside the building entrance.

"No one helps us. They kicked us around like a ball every time we asked for help," the woman's neighbor added.

Source: Reuters.com