CCP Holds Rare Urban Work Conference to Deal With Urban Poor Amid Economic Crisis

CCP Holds Rare Urban Work Conference to Deal With Urban Poor Amid Economic Crisis

The Chinese communist regime has held a rare central urban work conference, one in 10 years, amid a sluggish economy and a persisting unemployment crisis. Observers said the regime’s “urban renewal” aims at maintaining its political stability in Chinese cities as well as stimulating the depressed real estate sector through mandatory measures. They remain skeptical of its effect. The Central Urban Work Conference was held in Beijing from July 14–…

Xi quotes from Central Urban Work Conference; PLA Daily on Lai's speeches; RMB appreciation pressure; Forcing Cosco into ports deal; Another US executive exit-banned

China’s urbanization is transitioning from a period of rapid growth to stable development, and urban development is shifting from a phase of large-scale incremental expansion to one focused on improving the quality of existing assets…“‘Big city diseases’ have been significantly alleviated…In the past, foreign media considered it an unsolvable problem. In just ten years, Beijing has made remarkable progress in addressing ‘big city diseases,’ beco…