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China's State Council Launches 15th Five-Year Urban Renewal Plan to Boost Housing Supply

GateNews
According to China's State Council, the government released the 15th Five-Year Urban Renewal Plan on May 28, focusing on housing market reforms. The plan emphasizes implementing targeted policies to increase the supply of improved housing units and standardizing the development of the rental housing market. The measures also include optimizing affordable housing provisions, supporting low-income urban households and young professionals, and activating idle assets such as old factories and vacant commercial properties to address housing affordability.
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