The government has allocated an additional 5 billion yuan ($801 million) to fund the renovation of 600,000 dilapidated rural homes this year, the Ministry of Finance said on October 19.

The additional funds will also be used to improve the energy efficiency of 200,000 rural households in north China, as well as southwest China's Tibet Autonomous Region, said the ministry.

The government previously allocated 39.57 billion yuan ($6.34 billion) to subsidize 5 million rural households whose homes are being restored this year, with each recipient receiving 7,500 yuan ($1,201) on average.