US EditionInvesting in Haikou: How a 1.2 Billion Yuan Boost is Powering the City’s Future in China’s 20-City Renewal Plan
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Investing in Haikou: How a 1.2 Billion Yuan Boost is Powering the City’s Future in China’s 20-City Renewal Plan
On June 4, 2025, China’s Ministry of Finance and the Ministry of Housing and Urban-Rural Development announced the selection of 20 cities to receive more than 20 billion yuan (approximately $2.78 billion) in central fiscal support for urban renewal.The funding marks a major expansion of China’s national urban renewal strategy, first introduced at the 2019 Central Economic Work Conference and trialed in a 2024 pilot involving 15 cities.How the Fu…
·Hainan, China
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