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flag China launched over 60,000 urban renewal projects, investing nearly $405 billion in 2024.

flag In 2024, China launched over 60,000 urban renewal projects, attracting 2.9 trillion yuan (about 404.4 billion USD) in investment. flag Local governments supported these efforts through land use measures, planning, and financial assistance. flag The State Council prioritized renovating old neighborhoods, factories, and shantytowns, while also focusing on upgrading infrastructure, restoring ecosystems, and preserving cultural heritage. flag Vice Premier He Lifeng highlighted the need for concerted efforts to advance these projects with high-quality standards.

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