Ministry of Housing and Urban-Rural Development: National level is studying and formulating regulations related to urban renewal
China's Ministry of Housing and Urban-Rural Development is developing national regulations for urban renewal, supporting local governments in creating their own ordinances. Simultaneously, the Ministry of Natural Resources is exploring innovative land use policies, prioritizing existing land for development and ensuring new land supports infrastructure. These initiatives aim to revitalize urban areas and address financial pressures faced by developers in activating existing land resources. AI