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Chinese local goverments slashed 2019 spending target for shantytown redevelopment

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 . . .

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