BEIJING (Reuters) - China's finance ministry frontloaded a budget of 56.6 billion yuan ($7.87 billion) to support urban affordable housing projects, according to state media on Monday (NASDAQ: MNDY ).

This part of 2025's central government fiscal funds will be used for affordable housing and the renovation of urban villages, old residential quarters and shanty towns.

($1 = 7.1933 Chinese yuan renminbi)