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China Urban Projects May Top CNY10 Tln: Daily

CHINA PRESS
MNI (Sydney)

Urban renewal plans by China's regional governments in the next five years may create as much as CNY10 trillion in new demand, the Economic Information Daily reported. Citing experts commenting on the so-called 14th Five Year Plans (2021-2025) developed by local authorities, the Daily's report said urban renewal measures, including spatial planning, land resources reallocation and remodeling existing homes, would help drive the next round of investments and growth. China needs to revitalise existing urban areas to avoid taking farm land, the report said.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com

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