The1,300-year-oldiconicPotalaPalace,theofficialresidenceoftheDalaiLamasinTibet'scapitalLhasa,hascompletedalarge-scalerenovationprojectonSunday.Therenovationtook
The Giant Wild Goose Pagoda, which has a history of more than 1300 years, has begunbeing renovated.
China has ordered a nationwide renovation of old and shabby buildings that possess safety hazards as a series of house collapse accidents have sounded the alarm.
China Development Bank, a wholly state-owned policy bank, granted 408.6 billion yuan (66.8 billion U.S. dollars) in 2014 in financial loans to support shanty town renovation projects, according to the bank.
China Development Bank (CDB) will support renovation of rundown housing after China's banking regulator announced on Thursday that it had approved the bank to establish a housing finance department.
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