Policies unveiled to inject new momentum

Rebuilding of urban villages

On July 21, a guideline to promote the transformation and upgrading of villages inside megacities was approved at a State Council executive meeting.

The rebuilding of urban villages with various hidden hazards related to urban safety and social governance will be advanced on a prioritized basis in order to meet people's urgent needs.

Rebuilding of villages inside megacities with optimal conditions will be pushed forward, and will be better aligned with government-subsidized housing, so as to deliver concrete benefits to residents.

Local governments will assume major responsibilities, draft renewal plans in a well-calibrated manner, and raise funds through multiple channels so as to utilize land resources with high efficacy and meet the needs of various stakeholder.

Private investment will be encouraged and supported to participate in relevant projects, and new forms of businesses will be developed to ensure sound and sustained progress.