This year's social investment will reach 530 billion yesterday, Yu, deputy director of the Municipal Development and Reform Commission, said in a press conference on "expanding domestic demand and keeping growth", the 2010 will increase the supply of affordable housing land and construction efforts to stabilize the investment scale of housing development. Yu also disclosed that this year private investment is expected to enter the monopoly industry, but did not disclose specific circumstances. Yu said that last year the city reserves 10,000 hectares of land, will be developed in 2-3 years, will supply 4000 hectares this year, of which more than half of the residential construction land will be used to protect the housing, a lot of distribution along the subway. Yu that the total social investment of 480 billion yuan in 2009, growth of about 25%, is expected last year, the city's GDP growth of about 9.5%. According to preliminary calculation, 2010 investment scale will reach about 530 billion yuan, an increase of 11%, to achieve the Municipal party committee, the municipal government to meet the financial crisis in the two years to complete investment of 1 trillion yuan strategic control objectives.
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