What happened
On September 8, the State Council held its 21st special study session on 'high-quality urban renewal and promoting connotative urban development', chaired by Premier Li Qiang.
The session included a lecture by Yang Baojun, president of the Urban Planning Society of China, and exchanges by Vice Premiers Ding Xuexiang and He Lifeng, and State Councilor Wu Zhenglong.
Premier Li emphasized implementing Xi Jinping's directives on urban renewal and establishing sustainable models to improve urban structure, functions, heritage, and quality.
Why it matters
Urban renewal is now a key tool for improving living conditions, boosting people's wellbeing, and expanding domestic demand amid profound changes in population, development drivers, and the property market.
The focus on disaster resilience and livability signals a shift toward people-centered, connotative urban development, aligning with China's new urbanization goals.
The call for diversified financing and policy adjustments indicates a systemic approach to urban renewal, potentially impacting investment and urban planning nationwide.
Key facts
The study session was themed 'high-quality urban renewal and promoting connotative urban development'.
Li Qiang stressed establishing sustainable urban renewal models to meet people's needs for a better life.
The session highlighted improving disaster prevention and mitigation, enhancing livability, and preserving urban character.
What to watch next
Expect concrete policies on urban renewal financing, including credit support and urban renewal funds.
Watch for adjustments in planning, land, fiscal, and financial regulations to facilitate renewal projects.
Monitor implementation of 'six networks' infrastructure to raise design standards in key cities and disaster-prone areas.