Shanghai plans housing upgrade drive in a boost for consumption, investment

Source: China – South China Morning PostShanghai, China’s commercial centre, will launch a wide-ranging initiative to redevelop urban villages next year, marking one of its most ambitious citywide renewal campaigns yet.
The project, announced at a late July meeting of the city’s legislative body as part of a three-year plan, signals a broader and more intensive push to overhaul urban villages than previous efforts.
As the nation’s financial hub and most populous city, Shanghai has the second-highest housing prices in mainland China…Read More

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