China invests $364.58bn in urban renewal, renovating 66,000 projects and 54,000 residential communities.
China invests 2.6 trillion yuan ($364.58bn) in urban renewal projects, renovating over 66,000 projects involving former factories, commercial blocks, and public facilities for medical, sports, educational, and cultural purposes. China plans to renovate 54,000 old urban residential communities this year. The Ministry of Housing and Urban-Rural Development calls for improved local management models.
July 19, 2024
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