State Council News, the spring of civil engineering has arrived!

The State Council Information Office held a press conference on October 8th to introduce the relevant situation of "implementing a package of incremental policies systemically to solidly promote the improvement of economic structure and the continuous positive development trend."

The vice director of the National Development and Reform Commission, Liu Sushe, stated that currently, China's urban development has entered a stage where both incremental construction and inventory renewal are equally important. In the future, the task of urban renovation and renewal will become increasingly heavy. Taking the "substantial projects" of underground pipeline construction and renovation in cities as an example, relevant parties estimate that in the next five years, the total amount of various types of urban gas, water supply and drainage, and heating pipelines that need renovation will be nearly 600,000 kilometers, with a total investment demand of about 4 trillion RMB. The next step will be to continue coordinating various types of funds effectively, advance the arrangement of project lists and investment plans, and further promote the upgrading and renovation of urban infrastructure.

In the list of two investment projects worth 100 billion yuan each for next year issued in advance, priority support will be given to key urban renewal projects. Currently, there is a large demand for funding for urban underground pipe networks, and projects that are mature will be prioritized, with a focus on underground pipe network construction projects.

Please provide the full text of the press conference for me to summarize.

One is to implement the upgrading and renovation tasks in an orderly manner. Distinguish the urgency of tasks, focus on eliminating safety hazards in the short term, promote the renewal of aging facilities in the medium term, and enhance the functionality of facilities in the long term. Organize and implement urban infrastructure improvement and renovation actions, prioritizing the improvement of urban network safety related to major public safety and important livelihood guarantees, the renovation of old residential areas for livability, comprehensive transformation of urban villages, and safety improvement of urban transportation facilities. Progressively promote the transformation and upgrading of old neighborhoods (old factory areas), as well as the enhancement of urban public service functions and other construction projects.

Second, in advance, a list of some "two heavy" construction projects for next year and the central budget investment plan will be issued, giving priority to supporting a group of key urban renewal projects. Currently, there is a significant demand for funding for urban underground pipeline networks, and many projects are relatively mature. We plan to prioritize a group of key urban renewal projects in the next batch of early allocations. In 2023-2024, the National Development and Reform Commission will arrange over 470 billion yuan in central budget investments, issuing additional national debt funds, and ultra-long-term special national debt funds to focus on supporting urban renewal projects such as the transformation of urban gas, drainage and other underground pipeline networks, and the renovation of old urban neighborhoods. Urban renewal will remain a key focus of government investment in the coming years, with efforts set to increase in 2025. Within the two lists and investment plans for the "two 100 billion" projects, urban renewal accounts for a certain proportion, mainly focusing on the construction of city gas, water supply and drainage, heating and other pipeline networks, with a focus on densely populated key cities and downtown areas. Priority will be given to ongoing projects and those that can commence in the fourth quarter of this year, to address pressing issues such as aging gas networks, urban waterlogging, and water supply network leaks, while continuing to increase central budget investment in supporting urban renewal projects such as the renovation of old urban neighborhoods, urban villages, and dilapidated housing. Also, it is necessary to study including urban renewal projects with certain benefits, such as the transformation of old quarters (old factory areas), in the scope of support for local government special bonds.

The third is to actively explore innovative financing models. Urban renewal embodies huge market potential, with large investment amounts required for projects. Relying solely on government investment is far from enough, and it is necessary to establish a diversified investment mechanism and vigorously attract widespread participation of private capital. We will improve the investment mechanism and increase investment efficiency in fields with a high degree of marketization and strong operational attributes, fully leveraging the role of market mechanisms. For sectors with moderate returns and social capital investment willingness, we will also fully leverage the new government and social capital cooperation mechanism, namely the PPP new mechanism, as well as the role of infrastructure REITs, forming a sustainable renewal and transformation model guided by the government, operated by the market, and involving the entire society.

In implementing the action to enhance the level of urbanization in potential areas: the focus is on addressing issues such as insufficient comprehensive carrying capacity of county towns and weak industrial foundation. This is achieved by actively supporting the construction of basic infrastructure and industrial supporting facilities in county towns through local government special bonds, policy-driven medium and long-term loans from policy banks. It also promotes industrial linkage and cooperation between the central and western regions and the eastern regions, facilitating the implementation of a number of major projects.

In implementing the cultivation of modern metropolitan areas: focusing on smoothing out the "dead-end roads" and bottlenecks in intercity transportation, strengthening financial support such as local government special bonds, constructing a number of urban (suburban) railways, intercity railways, and urban expressways, accelerating the formation of commuting circles, industrial circles, and living circles, and improving the level of urban development.

In implementing actions to enhance the level of urban safety and resilience: focus on eliminating hidden risks in urban construction operations, prioritize the construction of "invisible" projects such as underground pipeline networks, make advance arrangements for next year's investment project plan, vigorously implement projects to ensure the safety of urban lifelines, accelerate the improvement of flood control and drainage systems, and promptly address any deficiencies in urban safety and resilience.

The National Development and Reform Commission will accelerate the legislative process of the Promotion Law for Private Enterprises, legally ensuring equal treatment of state-owned and private enterprises. They will speed up the revision of the Tendering and Bidding Law, focus on breaking regional protectionism, and promote the fair participation of enterprises of all ownership types in market competition. They will promote the revision of the "Regulations on Guaranteeing Payment to Small and Medium-sized Enterprises" to encourage government agencies, public institutions, and large enterprises to pay small and medium-sized enterprise debts in a timely manner.

Speed up the progress of clearing out laws, regulations, and policies that involve unequal treatment of enterprises, and remove institutional barriers that hinder fair competition for businesses.

Currently, China has transitioned from large-scale incremental construction in the past to an important period of urban renewal focusing on improving the quality of existing stock and simultaneously adjusting the structure of incremental growth.

This year's government work report proposed to steadily implement urban renewal actions, promote the construction of "dual-use" public infrastructure, accelerate the improvement of underground pipe networks, and push for solutions to challenges such as installing elevators and parking facilities in old residential areas.

On March 9, 2024, at the thematic press conference of the 2nd session of the 14th National People's Congress, Ni Hong, Minister of Housing and Urban-Rural Development, pointed out that this year, urban renewal will focus on the "three major tasks" - people's livelihood projects, municipal infrastructure, and urban safety and other key areas. Ni Hong revealed that in 2023, there were 66,000 various urban renewal projects implemented nationwide, with a total investment of 2.6 trillion yuan. Among them, 53,000 old urban residential areas were newly renovated, benefiting over 22 million residents; 36,000 elevators were installed, 850,000 parking spaces were added, and 21,000 community service facilities for elderly care and child care were established; approximately 100,000 kilometers of various pipelines such as gas were renovated; 4100 pocket parks, over 5300 kilometers of greenways, and 11,000 hectares of expanded lawn open spaces were constructed.

"Ni Hong stated that this year, they will further renovate 50,000 old neighborhoods and construct a number of integrated communities; they will continue to increase the efforts in renovating old gas, water supply, sewage, and heating pipelines in urban areas, with over 100,000 kilometers scheduled for renovation this year."

According to reports, since urban renewal was first mentioned in the government work report in 2021, in a span of three years, the amount of investment mobilized in the field of urban renewal alone has reached 13.7 trillion yuan, with 154,000 urban renewal projects completed.

On May 31, 2024, the Ministry of Housing and Urban-Rural Development and the Ministry of Finance jointly released the "Public Announcement of the Evaluation Results of the 2024 Urban Renewal Action".

Starting from 2024, the central government will support some cities in implementing urban renewal actions. The first 15 cities planned to be supported are: Shijiazhuang, Taiyuan, Shenyang, Shanghai, Nanjing, Hangzhou, Hefei, Fuzhou, Nanchang, Qingdao, Wuhan, Dongguan, Chongqing, Chengdu, Xi'an.

According to relevant statistical data, the urban renewal market in our country has a huge space and the scale is expanding. The current total market value of the stock is about 5 million trillion yuan. Calculated at an annual urban renewal rate of 2%, urban renewal projects will release a value of 1 trillion yuan each year.

In recent years, cities such as Shanghai, Tianjin, Xi'an, Guangzhou, Wuxi, and others have successively established urban renewal funds with a scale exceeding 100 billion yuan. China currently has more than 660 cities, which will support a multi-trillion dollar urban renewal market.

For construction companies, this will be a vast "new blue ocean" with great development potential.

Since January 2024, local two sessions have been held successively, setting the tone for the work in 2024. In the government work report, economic indicators and development tasks for 2024 have been proposed.

The vast majority of provinces will implement urban renewal actions and accelerate the construction of three major projects as the key tasks for this year. They have also proposed specific construction goals for 2024, such as the transformation of urban villages, the construction of affordable housing, and urban renewal. Let's take a look at them together!

Deepen the urban renewal initiative. Actively explore new models and approaches for social capital participation, promote integrated transformation and improvement of above-ground, surface, and underground spaces. Start construction on 300 comprehensive renovations of old neighborhoods and complete 200, start installation of 1000 elevators in old buildings and complete 600, promote courtyard clearances and approvals for 2000 households in core urban areas, start reconstruction of 200,000 square meters of dilapidated buildings, and upgrade 40 old factories. Pay attention to a batch of regional renewal projects, promote the revitalization of the old city, add color to communities, and enrich people's lives. Increase investment in new types of infrastructure, focus on the construction of affordable housing, dual-use emergency public infrastructure, and transformation of urban villages, actively promote underground pipe network construction.

Implement urban renewal actions in depth. Promote the innovation of urban renewal models by innovating concepts and methods, strengthen cost control and resource integration, improve the responsible system for urban renewal, land planning, standards and regulations, financial policies, etc. Vigorously promote the transformation of "two old areas and one village," including the renovation of sporadic old houses below Grade II in the central urban area totaling 120,000 square meters, the transformation of non-complete old housing such as Xiaoliang thin plate houses totaling 310,000 square meters, and the initiation of 10 urban village transformation projects. Mobilize the enthusiasm of various entities, promote the redevelopment of a group of old industrial areas, commercial business districts, historical preservation districts, and municipal infrastructure, and accelerate the progress of urban renewal projects such as the "Second Facade" of the Bund.

Continuously release the urban productivity of renewal. Coordinate and optimize the layout of production, living, and ecology, promote updates in formats, functions, quality, and organic growth. Enhance the capacity to bear industries. Focus on improving the level of development of modern service industries in the central urban area, and concentrate on attracting high-end resources. Build distinctive financial concentration zones, orderly advance the construction of the Financial Historical and Cultural Zone, Financial Development Vitality Zone, Rental Innovation Demonstration Zone, and Industrial Financial Development Zone respectively in Liberation North Road, Friendship North Road, Dongjiang Comprehensive Bonded Zone, and the "Yuxiang" Central Business District. Promote the construction of affordable housing, "both for emergency and regular use" public infrastructure, urban village renovations, and initiate the construction of affordable housing for sale, implement 7 urban renewal projects and a batch of urban village renovation projects, start the revitalization of 275 old neighborhoods, and carry out construction of embedded service facilities in urban communities. Develop plans for the renovation of old gas, heating, and water supply pipelines in the city, concentrate efforts to implement renovation in an organized manner annually and by region, renovate 623 kilometers of gas pipelines, 150 kilometers of heating pipelines, and 30 kilometers of water pipelines this year... Improve the quality of characteristic districts such as Gulou and Ancient Cultural Street, and focus on strengthening the refined management of urban-rural junctions, secondary roads, and narrow alleys.

Improving the quality of urban functions. Promote urban renewal, conduct city-wide urban health examinations, formulate and implement special plans such as comprehensive urban transport system and 15-minute living circle, continue to promote urban renewal projects, promote the upgrading of the 109-kilometer waterfront areas along the two rivers, start renovating 7043 households of old and dangerous urban buildings, strengthen the construction of urban water supply and drainage pipelines and underground comprehensive utility corridors, and create a national water-saving city. Thoroughly implement the construction of affordable housing, "one-stop" public infrastructure construction, urban village renovation and the "three major projects", basically complete the task of dismantling dilapidated buildings, carry out actions to dispose of the "two persist" projects, reasonably determine the scale, structure, and timing of land supply, and promote the stable and healthy development of the real estate market.

Accelerate the supplementation of shortcomings in the infrastructure of people's livelihood. Implement urban renewal actions, accelerate the construction of affordable housing, "both for general and urgent use" public infrastructure, urban village transformation, and other "three major projects," and promote a smooth transition of the real estate industry to a new development model. Start the renovation of over 220,000 old residential units in urban areas, 800 kilometers of outdated gas pipelines, and 500 kilometers of outdated heating pipelines. Promote a three-year action plan to fill the gaps in urban domestic sewage networks and expand the coverage of smart heating systems.

Coordinate the integration of urban and rural areas, and promote regional coordinated development. Promote the construction of new urbanization with county towns as an important carrier, and promote high-quality economic development in counties. Implement urban renewal actions, focus on the construction of affordable housing, "dual-use for emergencies" public infrastructure construction, and the transformation of urban villages, creating a livable, resilient, and smart city.

Implement urban renewal actions, conduct a comprehensive urban check-up. Steadily promote the transformation of urban villages, accelerate the transformation of urban underground pipe network, renovate 700 old residential communities, and renew 4600 kilometers of old pipe networks. Build a sponge city, implement urban drainage and flood control capacity improvement projects. Coordinate the promotion of "pocket parks," urban greenways, urban water corridors, and the construction of complete community pilot projects to create more high-quality living spaces. Make great efforts to build affordable housing, promote the inclusion of eligible rural migrant workers in the urban housing security scope.

Implement urban renewal actions, promote the transformation of old urban pipe networks, expand the coverage of garbage classification, improve the level of municipal public facilities construction, and build a livable, resilient, and smart city. Advance the construction of affordable housing, "dual-use" public infrastructure, and the transformation of urban villages as the "three major projects," and establish a new model for real estate development. Prevent and defuse government debt risks, crack down on illegal financial activities severely, and handle financial risks in a stable and orderly manner.

Focus on deepening the urban renewal campaign. Implement the "Ten Major Projects" for urban renewal, steadily promote comprehensive renewal in 160 old areas, start the transformation of 560,000 households in old urban areas, accelerate the renovation of urban villages, and the construction of dual-use public infrastructure projects. Implement the construction of embedded service facilities in urban communities to enhance property management levels. Accelerate the improvement of municipal facilities network, upgrade 600 kilometers of aging gas pipelines, and promote the construction of underground comprehensive utility tunnels according to local conditions. Add over 100 million square meters of green buildings. Utilize meticulous efforts to enhance urban governance, promote the construction of smart and resilient cities, and systematically address "urban diseases" such as traffic congestion and parking difficulties.

Implement the concept of a people-oriented city, carry out urban health examinations and urban renewal, and build a livable, resilient, and smart city. Transform a number of old urban areas, old utility networks, and old urban dangerous buildings. Regulate property management services. Promote the classification of urban household waste. Strengthen the protection and inheritance of historical and cultural heritage and the shaping of characteristic urban landscapes. Construct parks and green spaces. Promote pilot projects for the construction of integrated residential communities, and carry out the construction of community embedded service facilities.

Build livable, resilient, and smart cities. Firmly grasp the key point of ensuring the people's livelihood, promoting the construction of good houses, good neighborhoods, good communities, and good urban areas. Conduct a comprehensive urban examination, highlighting safety resilience, functional improvement, and quality enhancement. Conduct a full-scale inspection of the weaknesses and shortcomings of the city, focusing on a check-up before any updates. Improve municipal facilities such as water, electricity, roads, gas heating, as well as environmental protection facilities such as garbage and sewage. Upgrade and renovate more than 4000 kilometers of old pipelines and complete the transformation of aging gas pipelines.

Accelerate the construction of affordable housing, "balance urgent needs with daily use" public infrastructure construction, and the transformation of urban villages as the "three major projects." Carry out the construction of embedded service facilities such as elderly care, childcare, community dining assistance, household services, and medical health, to create a fully functional and complete community. Focus on urban ecological restoration, build a number of street parks, convenient green spaces, and urban greenways. Conduct a survey of historical and cultural districts, establish a protection list, and systematically and prudently carry out the restoration, protection, and revitalization of old streets, alleys, buildings, and factory areas. Accelerate urban digital transformation, coordinate and promote urban renewal, refined management, and cultural heritage protection with high quality, and comprehensively enhance the scientific, refined, and intelligent level of urban governance with meticulous efforts and historical patience.

Accelerate the pace of urban renewal, promote the construction of complete communities, renovation of old urban neighborhoods, and projects related to urban lifelines' safety. Strengthen urban flood control, systematically promote the construction of sponge cities across the entire region, drive urban digital transformation, and create livable, resilient, and smart cities. Proceed prudently and orderly with the "Three Major Projects," which include the transformation of urban villages, and effectively promote the construction of urban underground pipelines, affordable housing for new urban residents and migrant workers, as well as public service facilities for education, healthcare, and elderly care.

To improve the level of urban planning and construction governance, implement urban health examinations and urban renewal actions, and construct a distinctive, attractive, and vibrant urban matrix in Anhui. Promote the construction of affordable housing, "one hub with dual use" public infrastructure construction, urban village renovation, and other "three major projects", improve the "guarantee + market" housing supply system, better solve the housing problems of new urban residents, youth, and migrant workers, and meet the rigid and improved housing needs of residents.

Promote "livable housing", actively explore new models of real estate development, better support both rigid and improved housing needs, steadily advance affordable housing construction, construction of dual-purpose public infrastructure, and the three major projects of transforming urban villages.

To integrate with urban renewal actions, comprehensively promote the renovation of pipe networks and aging communities. Complete the renovation of 1500 kilometers of gas, heating, and drainage pipe networks and the renovation of 1185 aging communities. Initiate a three-year intensive action for comprehensive treatment of coal burning in urban and suburban villages, accelerate the centralized heating transformation in urban areas, and ensure that the people can stay warm during winter.

Focus on enhancing urban carrying capacity, actively promote urban renewal actions, conduct detailed urban health checkups, establish urban operation management service platforms, create good houses, good neighborhoods, good communities, and good urban areas, and make cities more livable, resilient, and smart.

Implement urban renewal actions in an orderly manner. Accelerate the construction of new types of infrastructure.

Advance the people-centered new urbanization. Promote the construction of affordable housing, "multipurpose" public infrastructure, and the transformation of urban villages as part of the three major projects. Implement urban renewal actions, deepen the refinement of urban operation management, and build livable, resilient, and smart cities.

Promote the construction of new urbanization with a people-centered approach. Improve the spatial system of urbanization with the concept of "one group, two districts, and multiple points," implement the strategic actions of new urbanization, carry out urban renewal initiatives and urban lifeline projects, accelerate the improvement of underground pipeline networks, renovate 27,500 housing units in old and dilapidated urban areas, continue to address the parking difficulties in central urban areas, and build a livable, resilient, and smart city.

Implement urban renewal actions, promote the upgrading and transformation of old urban gas, water supply and drainage, and heating underground pipeline networks to enhance urban functions and urban quality. Improve living conditions for the people, advance the redevelopment of old urban neighborhoods, shantytowns, and urban villages, increase the construction and supply of affordable housing, and integrate urban public services such as elderly care, childcare, community services, household services, health services, and sports and fitness services into the community.

Deepen the implementation of urban renewal actions, urban lifeline projects, and accelerate the layout of urban digital public infrastructure, striving to build livable, resilient, and smart cities. Identify the combination points of investment and consumption, focusing on addressing the housing needs of youth, elderly, residents in old neighborhoods, and dilapidated housing, speeding up the construction of affordable housing, "dual-purpose" public infrastructure, and the "three major projects" of urban village transformation, actively exploring new models for real estate development.

Implement urban renewal actions, promote the renovation of aging gas, water, and drainage pipelines, carry out urban infrastructure lifeline safety projects, and renovate and upgrade 3150 old communities. Increase investment in people's livelihood areas, accelerate the construction of affordable housing, "dual-use for emergencies" public infrastructure, urban village transformation, and other "three major projects".

Accelerate the construction of affordable housing, "dual-use" public infrastructure construction, and the renovation of urban villages, promoting the establishment of a new model for real estate development.

Highlighting the shortcomings, speeding up the construction of affordable housing, "dual-use" public infrastructure, and the transformation of urban villages, which are the "three major projects," accelerating the construction of sponge cities, urban-rural water supply integration, and other projects. Emphasizing quality improvement, encouraging cities to combine urban renewal with optimized planning and design, rational matching of functions such as industry, residence, transportation, and facilities, creating a fifteen-minute convenient living circle, and promoting the integration of production, city, and people. Sixteen provincial model projects including comprehensive development of urban areas and complete community construction have been newly initiated, implementing urban micro renovations such as "pocket parks," wind-and-rain corridors, and installation of elevators. Protecting traditional ancient buildings, old houses, and old neighborhoods to make cities more cultural, tasteful, and profound.

Leverage the amplifying effect of government investment, focus on supporting key core technology research, new types of infrastructure, energy conservation, emission reduction, and carbon reduction. Accelerate the construction of affordable housing, "dual-use for temporary and permanent purposes" public infrastructure, and the transformation of urban villages as part of the "Three Major Projects." Add funds to build and allocate 10,000 sets of affordable housing for sale, and no less than 180,000 sets of affordable rental housing, while initiating the renovation of over 1,100 old urban neighborhoods.

The Housing and Urban-Rural Development Bureau of Guangzhou has released the "2023 Work Summary and 2024 Work Plan". In the 2024 work plan, it is pointed out that focusing on the high-quality development of the city and actively and steadily promoting urban renewal.

Implement urban renewal actions, uphold the principle of conducting a city check-up first, and prioritize addressing the shortcomings identified in the city check-up in urban renewal efforts. Coordinating efforts in transforming urban villages, renovating existing buildings, and revamping old neighborhoods in towns and cities, urban renewal aims to drive high-quality urban development.

Make every effort to promote the transformation of urban villages. Continuously improve the policy system, promote the introduction of supporting policies such as the Guangzhou Urban Village Transformation Regulations, Implementation Opinions on Urban Village Transformation, and Guidelines for Urban Village Transformation. Scientifically distinguish between "preserve, renovate, demolish", ensuring that valuable resources are effectively preserved. For urban villages that require demolition and reconstruction, adhere to the principle of "demolish, rectify, and revitalize".

Innovatively carry out specialized health check-ups for urban village transformation, propose classification and grading transformation suggestions, scientifically and reasonably formulate medium and long-term urban village transformation plans, annual plans, and urban village transformation schemes. Strictly implement "lawful expropriation, net land transfer," to ensure urban village transformation projects are completed quickly and effectively. Referring to the mechanism of the Airport Phase III "Headquarters + Company," vigorously promote the transformation of the four major areas of the Guangzhou New Central Axis (Haizhu), Guangzhou Railway Station, Luochongwei, and Huanwushan Innovation Source Area, to achieve comprehensive construction of the first-phase projects.

Broaden and transform financing channels, actively strive for national financing preferential policies, central budget funds, local government special bonds, policy-based development financial instruments, and other forms of financial support. Increase efforts in renovating and building affordable housing in urban villages, with a focus on addressing the housing difficulties of new urban residents and young people.

Solidly promote the organic renewal of the old urban areas. Implement renovations of over 200 old residential communities, orderly advance the construction of demonstration zones for overall quality improvement of old communities. Increase the renovation of urban dilapidated houses, improve supporting facilities, and enhance living conditions for the residents. Actively carry out urban quality improvement, promote the Guangzhou Urban New Axis project, and help realize a new vitality in the old city.

Increase the supply of "high-quality, convenient, affordable, and fully intelligent" affordable housing construction, with plans to build and allocate 100,000 units, and distribute 65,000 units, making every effort to help new urban residents, young people, and working class to solve their housing problems.

Actively and steadily promote the transformation of urban villages, adhere to the dual approach of "demolition, treatment, and revitalization," adopt various methods such as demolition and rebuilding, overall improvement, and integrated demolition and renovation, accelerate the implementation of 60 categorized transformation projects in urban villages, complete the renovation of 100 old residential areas, and enhance the quality of property management services.

Implement industrial space protection projects, actively promote the land consolidation of 20 advanced manufacturing industrial parks such as Baoshan Yanluo and Pingshan Gaoxin Nan, implement renovation of over 100 old industrial parks, newly develop 3 square kilometers of industrial land, supply 2.5 square kilometers, start construction of "industrial buildings going vertical" projects covering 10 million square meters, and accelerate the formulation of industry-specific guidelines for "industrial buildings going vertical."

Accelerate the development and construction of key areas such as Dapeng Airport Exhibition City, Shenzhen Bay Super Headquarters Base, Honey Lake New Financial Center, Sungang-Qingshui River area, Jiulongshan Digital City, Bantian Tech City, Yantian Port Industrial and Urban Integration Development Zone, and Shenzhen International Biotech Valley (Food Valley), with total investment in key areas exceeding 330 billion yuan.

Develop Shenzhen Bay Super Headquarters Base high-tech enterprises, Qianhai Bay modern service industry, Beizhan digital economy, Jiwei international headquarters, Guangminghu life science and other 10 major categories of 40 headquarters economic agglomeration zones, cultivate and introduce regional headquarters of over 70 multinational corporations. Utilize over 60 billion yuan of foreign investment in practice.

Constructing world-class business districts such as Luohu, Futian Central District, Shenzhen Bay, Airport Expo, and Qianhai Bay at a high level, accelerating the planning and construction of large-scale commercial complexes in the eastern region, improving the development level of pedestrian streets such as Dongmen and Huaqiangbei, creating a number of nighttime economy demonstration zones, and adding 1000 new first stores, flagship stores, and new concept stores.

Promote urbanization centered around county towns as important carriers. Establish a new concept of urban development centered around people, and build livable, resilient, and smart cities. Support Chengdu in orderly advancing three major projects including the construction of affordable housing, the construction of "dual-use" public infrastructure for emergencies, and the renovation of urban villages. Emphasize both the "facade" and the "substance," thoroughly carry out organic urban renewal, implement ten livelihood projects for refined and meticulous improvements in county towns, vigorously advance the renovation and reconstruction of old urban pipelines, and pragmatically advance the construction of sponge cities. Start the renovation of over 5100 old residential communities in towns, implement improvements in 729 important urban flood-prone areas, renovate 11,000 sets of shantytown dwellings (urban dilapidated houses), and install 4,000 elevators in existing residential buildings.

Implement urban renewal actions in depth. Steadily advance the "Three Major Projects" including the construction of affordable housing, the construction of "both-use" public infrastructure, and the transformation of urban villages. Build a new model for real estate development. Focus on the construction of affordable rental housing, the renovation of shantytowns, the transformation of hazardous old houses into livable housing, and the renovation of old urban communities. Promote a complete community, facilities for the elderly and children, drainage and flood prevention projects. Improve the layout of the new energy vehicle charging network. Upgrade and renovate gas pipelines, strengthen the treatment of black and odorous water bodies, and the centralized collection and treatment of domestic sewage, continuously enhancing the livability and comprehensive carrying capacity of the city.

Enhancing the quality of urban functions. Promoting urban health examinations and urban renewal together, creating a 15-minute convenient living circle, and initiating pilot projects for embedded community services facilities. Striving for a centralized collection rate of 68% for urban domestic wastewater and achieving an 80% reduction in black and odorous water bodies in county-level urban built-up areas. Accelerating the construction of urban lifeline safety projects, completing the construction and renovation of 3,500 kilometers of underground pipelines for gas, water supply, and drainage. Speeding up the advancement of the "three major projects" to address housing issues for new urban residents, youth, and migrant workers. Starting the construction of 40,000 sets of affordable rental housing and renovating more than 130,000 households in old urban communities.

Deepen the implementation of urban renewal actions, renovate 85,800 households in old urban communities, and construct or renovate 2,400 kilometers of underground pipelines in urban areas. Accelerate the progress of the "three major projects," start the implementation of 3,600 sets of affordable housing, renovate 20,000 households in urban villages, and speed up the construction of "dual-use roads." Solidify project planning reserves and ensure resource support.

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