A number of Chinese local governments have slashed the target for shantytown redevelopment in 2019, according to plans released by local governments recently after annual meetings of provincial lawmakers.
Shantytown redevelopment – a broad term used in China for many urban rebuilding projects – is a major driver of property investment in most third- and fourth-tier cities. It has also helped push up housing prices in recent years, as residents displaced by the process used monetary compensation offered the government to buy new homes.
Shanxi province cut the target to 32,699 units fron 125,200 units last year and Henan . . .
To continue reading, please subscribe.
We highly value independence. Yuan Talks is solely funded by subscriptions from thousands of intelligent readers like you.
What you'll get:
- Systematic, timely and data-driven reporting on China's economy and financial markets with details, data and perspectives you don't read elsewhere!
- Daily Brief newsletter delivered before market open every weekday wrapping up the most important China-related stories.
- Weekly Market Wrap-up on A shares, Chinese bonds, the Yuan and commodities!
- Interviews with China experts. We find you insights you should never miss!
- Conference calls and events. Nothing is better than talking to newsmakers, experts and reporters directly, right?
Already have an account? Sign In