Policy intensifies urban renewal, transforming "old spaces" into "new value".

Recently held meetings of the Central Urban Work Conference and the Politburo of the Communist Party of China have both made deployments for urban renewal. Experts believe that with strong policy support, urban renewal is shifting from simple physical space transformation to governance paradigm transformation, unleashing huge economic value and development potential. Some experts believe that urban renewal projects have a long cycle, with cash flow showing characteristics of high initial investment, slow mid-term returns, and sustained output in the later stages, and propose building a support system that integrates funds, policies, and technology.