Why the Chinese are investing in the solution of our housing problem

To develop an inexpensive loan for the construction of housing will be the company and the workforce of China, and China investors, accustomed in the construction industry, will be able to switch to other sectors of our economy China has decided to compete with the IMF in generosity to Ukraine.

Beijing is willing to allocate our country for 15 years $15 billion at minimum interest rate. For comparison, the sum promised to the IMF loan of $17.5 billion and will be listed for four years. But if the money of the Fund will be used to maintain gold and foreign currency reserves of the NBU and the Ukrainian economy in General, Chinese - exclusively for the construction of housing economy class.

A corresponding Memorandum was signed last week between the Ukrainian government and the company CITIC Construction Co (a subsidiary of a Chinese state investment Corporation Limited CITIC). To start a pilot project for the construction of affordable housing at a cost of $1 billion If it goes well, the Ukraine will come and the rest of billions.