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The Nexus
BUSINESSMay 29 · 12:33 UTCSCMP WORLDDaniel Ren

China’s US$2.2 trillion urban renewal plan to boost construction, property sectors

China's urban renewal projects, including home upgrades and gas pipeline rebuilding, require at least 15 trillion yuan ($2.2 trillion) over five years from 2026. The State Council's guideline, part of the 15th five-year plan (2026-2030), aims to boost construction and property sectors.

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ChinaplaceState Councilorganizationconstruction firmstopicproperty developerstopicurban renewaltopic15th five-year plantopic
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