China’s US$2.2 trillion urban renewal plan to boost construction, property sectors

China’s ambitious urban renewal projects, from upgrading dilapidated homes to rebuilding gas pipelines, are expected to require investment of at least 15 trillion yuan (US$2.2 trillion) in the five years from 2026, offering fresh growth opportunities for construction firms. Property developers also received a shot in the arm on Friday, after the State Council released a guideline on the urban renewal campaign, part of Beijing’s 15th five-year plan for 2026 to 2030. The overall investment could..