The State Council of China published the 15th Five-Year Urban Renewal Plan (2026-2030), outlining the main goals of urban renewal for this period. These goals include the renovation of 500,000 dilapidated urban housing units, the start of the reconstruction of 115,000 old urban residential villages, the reconstruction of 4,000 urban villages, and the upgrading of 365,000 kilometers of urban underground utility networks.
During the 14th Five-Year Plan period, China began the reconstruction of 240,000 old urban residential villages, and upgraded 840 thousand kilometers of urban underground utility networks. During the 2021-2025 period, China renovated 175,000 dilapidated urban residential buildings and developed 2,387 urban villages, signaling that China will shift its development focus during the 2026-2030 period. stimulating a significant increase in prices for construction steel
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